Which of the Following Is a Condition Necessary for a Liquidated

question 23

Multiple Choice

Which of the following is a condition necessary for a liquidated damages agreement to be enforced?

• A)If actual damages would be difficult to prove in the event of a breach of the contract
• B)If the amount is large enough to be considered penal
• C)If the amount is considered unconscionable
• D)If there is no breach of the contract agreed upon by both parties

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Definitions:

Increases

Refers to the action or process of becoming larger, greater, or higher.

Ages

The different stages of life through which an individual progresses, from birth to death.

Birth Order

The order in which siblings are born, an important concept in Alfred Adler’s psychology.

Conscientiousness

A personality quality that embodies a person's prowess in organization, steadfastness, and a considerable sense of duty.