If the Parties Agree on a Reasonable Amount of Damages

question 71

Multiple Choice

If the parties agree on a reasonable amount of damages that will be paid to the injured party,this amount is known as ________.

• A)liquidated damages
• B)unconscionable damages
• C)punitive damages
• D)unenforceable damages

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Definitions:

Reflective Judgment

In Kitchener’s theory of the development of problem solving, the analysis of the elements of a problem and justification of problem solutions.

Environmental Pressures

Forces from the surrounding environment that influence the behavior, decisions, or wellbeing of an individual or organization.

Higher Education

An advanced level of education pursued after completing high school, often at colleges, universities, or specialized institutions.

Reasoning Skills

The capacity to think logically, understand complex ideas, draw inferences, and solve problems through analytical thinking.