The Damages Parties Specify in Advance in a Contract,in Contemplation

question 90

Multiple Choice

The damages parties specify in advance in a contract,in contemplation of a particular kind of breach,are known as ________ damages.

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

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Definitions:

Probability

A quantity indicating the odds or possibility of a specific event taking place, denoted as a figure between 0 and 1.

Uniformly Distributed

In relation to statistical distributions, it signifies a scenario where values are spread out in such a way that every value within a certain range is equally probable.

Travel Time

The duration required to move from one location to another.

Probability

A numerical expression ranging between 0 and 1 that indicates how likely an event is to take place.