The Amount of Liquidated Damages Included in a Contract That

question 87

Multiple Choice

The amount of liquidated damages included in a contract that would be upheld by a court:

• A)must be reasonable in light of the inconveniences or lack of feasibility of obtaining an adequate remedy.
• B)may be so high as to be punitive to the breaching party.
• C)may be regarded as a penalty.
• D)All of the above.
• E)None of the above.

---

Definitions:

Listing

The act of registering a company's shares on a stock exchange, enabling public trading.

Free Advertising

Marketing exposure a company gains without incurring any direct expense, often through word-of-mouth or viral content.

Household Wealth

The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.

Price Level

The mean price point of all goods and services within the economic framework.