Which of the Following Statements About Consequential Damages Is False

question 52

Multiple Choice

Which of the following statements about consequential damages is false?

• A)Any attempt to limit consequential damages for injury caused to a person by consumer goods is considered unconscionable per se.
• B)Liability for consequential damages resulting from a breach of contract may be limited by agreement.
• C)Liability for consequential damages resulting from a breach of contract may be excluded by agreement.
• D)If a limit as to consequential damages is found to be unconscionable,it will not be enforced.

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Definitions:

Total Utility

The overall satisfaction or value a consumer gets from consuming a certain quantity of goods or services.

Marginal Utility

The added satisfaction a consumer gets from having one more unit of a good or service.

Demand Schedule

A table that lists the quantity of a good or service demanded by consumers at various price levels.

Marginal Utility Data

Information that quantifies the added satisfaction a consumer gains from consuming one more unit of a good or service.