Which Type of Contractual Provision Affects Remedies

question 1

Multiple Choice

Which type of contractual provision affects remedies?

• A) Cover.
• B) Liquidation or limitation of damages.
• C) Modification or limitation of remedy.
• D) Both limitation of damages  and limitation of remedy are correct.

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Definitions:

Private Securities Litigation Reform Act

A 1995 U.S. law that aims to reduce frivolous or unnecessary securities lawsuits through various procedural and substantive changes.

Financial Forecasts

Projections of a company's future income, expenses, and capital requirements, based on assumptions about economic conditions, market trends, and business operations.

Affiliate

A business enterprise located in one state that is directly or indirectly owned and controlled by a company located in another state. Also called foreign subsidiary.

Issuer

An issuer is an entity that releases securities into the market for investors to purchase, often to raise capital for the entity's operations or projects.