A Contract Clause Which Specifies the Amount of Damages to Be

question 5

Multiple Choice

A contract clause which specifies the amount of damages to be paid in the event of a breach is called:

• A)a specific performance clause.
• B)a liquidated damages clause.
• C)a consequential damages clause.
• D)an incidental damages clause.

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Definitions:

Insert Below

A command or operation used in software applications to add content or data immediately beneath the currently selected point or item.

Update Field

Update Field in software applications refers to the process of refreshing or recalculating the value of a field based on changes in related data sources.

Protect Document

A feature in various software applications that restricts unauthorized users from modifying, copying, or printing the contents of the document.

Inspect Document

The process of reviewing a document for personal, confidential, or sensitive information before sharing publicly or with specific audiences.