Which of the Following Statements Is TRUE

question 24

Multiple Choice

Which of the following statements is TRUE?

• A)Liquidated damages are always available if the defendant breached a contract for the sale of land.
• B)Liquidated damages are enforceable if they represent a genuine estimate of the losses that the plaintiff might have suffered as a result of the defendant's breach.
• C)The plaintiff can recover more than a liquidated damages clause provides for if it suffered a larger loss as a result of the defendant's breach.
• D)The plaintiff cannot recover the full amount of liquidated damages if it suffered a smaller loss as a result of the defendant's breach.
• E)Because of the risk of unfairness,liquidated damages are never allowed unless the defendant received independent legal advice at the time that the contract was created.

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Definitions:

Treats

Small rewards or gifts given to someone or oneself, usually as a form of positive reinforcement or celebration.

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses, offering predictable reinforcement patterns.

Variable Ratio Schedule

A reinforcement strategy in behaviorism where a response is reinforced after an unpredictable number of responses, making it very powerful in maintaining behavior.

Variable Interval Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable amount of time has passed, enhancing response consistency.