​Which of the Following Statements Concerning Liquidated Damages Is NOT

question 17

Multiple Choice

​Which of the following statements concerning liquidated damages is NOT TRUE?

• 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:

Job Security

the assurance that an individual will retain their job without the risk of becoming unemployed due to layoffs or business closures.

Productivity

A measure of the efficiency of a person, machine, system, or process in converting inputs into useful outputs.

Self-Actualization

The act of fulfilling one's innate abilities and potentials, recognized as a fundamental motivation or desire in every person.

Growth Needs

Psychological needs that drive an individual to achieve personal development and realizaiton, inspired by Maslow's higher-order needs.