Arthur and Brian Have Entered into a Contract with an Enforceable

question 55

True/False

Arthur and Brian have entered into a contract with an enforceable liquidated damages provision that states that Ben's recovery will be $10,000 in the event of Arthur's breach.Arthur breaches the contract.Ben loses $50,000 in consequential damages as a result.Ben's recovery is limited to $10,000.

---

Definitions:

Attitude-improving Feedback

Constructive feedback aimed at encouraging positive changes in someone's behavior or outlook.

Judgments

The cognitive processes of forming opinions or conclusions based on information and reasoning.

Pessimism

A tendency to focus on the negative aspects of life or to expect the worst possible outcome in any given situation.

Locus Of Control

A psychological concept referring to the extent to which individuals believe they have power over events in their lives.