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

question 48

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:

Dissociative Neurosis

A psychological disorder characterized by experiencing a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Anxiety Disorders

A group of mental health disorders characterized by significant feelings of anxiety and fear that affect daily living.

Amnesia

A condition characterized by memory loss, where a person cannot recall past experiences or learn new information.

Diagnostic and Statistical Manual of Mental Disorders

A handbook used by healthcare professionals as the authoritative guide to the diagnosis of mental disorders.