A Liquidated Damages Provision Specifies That a Certain Amount to Be

question 62

True/False

A liquidated damages provision specifies that a certain amount to be paid in the event of a future default or breach of contract.

---

Definitions:

Oral Communication

The process of expressing information or ideas through spoken words to one or more listeners.

Telephonic Conversation

A conversation held over the telephone, allowing people to communicate verbally even when physically distant.

Text Messaging

The act of composing and sending brief, electronic messages between two or more mobile devices or computers.

Memorandum

A written message used for internal communication within an organization, often informal and addressing operational matters.