Technically,penalty Clauses Are Called Liquidated Damages Clauses; If They Are

question 20

True/False

Technically,penalty clauses are called liquidated damages clauses; if they are labeled penalty clauses,there is a long line of cases that say they are not enforceable.

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Definitions:

Not Guilty

A legal declaration that a defendant has not been proven to have committed the charges against them beyond a reasonable doubt.

Hypothesis Test

A method in statistics to determine whether there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.

P-Value

The probability of observing test results at least as extreme as the results actually observed, assuming that the null hypothesis is correct.

Left Tailed

Refers to a type of hypothesis test where the area of interest, or region of rejection, is located in the left tail of the distribution.