A Liquidated Damage Clause That Represents a Reasonable Approximation of the Damages

question 30

True/False

A liquidated damage clause that represents a reasonable approximation of the damages where the actual amount would be very difficult to determine will usually be upheld.

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Definitions:

Low Reliability

A term used in statistics and psychometrics indicating that a test or measurement tool does not consistently produce the same results under the same conditions.

Low Validity

The degree to which a test or measurement fails to accurately or consistently measure what it is intended to measure.

Culture

The shared attitudes, values, goals, and practices that characterize a group, organization, or society.

Ethnicity

A social category that encompasses shared cultural, historical, linguistic, or ancestral traits.