Which Type of Damages Would Occur If the Parties Specify

question 79

Multiple Choice

Which type of damages would occur if the parties specify in advance the amount of losses or a formula in assessing the losses against the breaching party?

• A)Consequential
• B)Punitive
• C)Liquidated
• D)Nominal
• E)Statutory

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Definitions:

Successful Socialization

The effective integration of individuals into an organization or culture, where they learn and accept its values, norms, and practices.

Socialization Program

Planned programs designed to integrate individuals into new roles by acquainting them with the values, norms, and required behaviors of a specific society or organization.

Socialization Tactics

The methods used by an organization to integrate new employees into its culture and acquaint them with its values, norms, and expected behaviors.

Proactive Behaviours

Actions taken by individuals that aim to change and improve the situation rather than just reacting to it.