Which of the Following Statements Is Incorrect Concerning Liquidated Damages

question 14

Multiple Choice

Which of the following statements is incorrect concerning liquidated damages?

• A) A liquidated damages clause will be enforced if, when the contract was made, it was difficult to estimate actual damages.
• B) The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach.
• C) Nominal damages are not the same thing as liquidated damages.
• D) Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.

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Definitions:

Optometrist

A healthcare professional specializing in the examination of the eyes and visual systems for defects or abnormalities, prescribing corrective lenses or eye exercises.

Eyelid Margins

The edges of the eyelids where the eyelashes grow; important in eye health and function.

Intraocular Pressure

The fluid pressure inside the eye, important for maintaining the shape of the eye and the health of eye tissues.

Extraocular Muscles

The muscles surrounding the eyeball that enable it to move in different directions and maintain its position within the socket.