Which Statement Is True Regarding the Availability of Liquidated Damages

question 11

Multiple Choice

Which statement is true regarding the availability of liquidated damages in China?

• A)Liquidated damages are available under the People's Republic of China Contract Law legislation,but only in amounts of up to 20% of the actual damages incurred by the breaching party.
• B)Through judicial mandate,China adopted the U.S.standard for the award of liquidated damages.
• C)Liquidated damages are available under the People's Republic of China Contract Law legislation,but Chinese judicial interpretation of the law limits liquidated damages to no more than 30 percent above the actual damages incurred by the nonbreaching party.
• D)Liquidated damages are available under the People's Republic of China Contract Law legislation,but Chinese judicial interpretation of the law limits liquidated damages to no more than 10 percent above the actual damages incurred by the nonbreaching party.
• E)Liquidated damages are not available in China.

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Definitions:

Dose-Response Relationship

The relationship between the quantity of a drug or other exposure and the magnitude of the effect it has on an organism.

Predictive Validity

The extent to which a test or measurement can accurately forecast or predict future outcomes or behaviors.

Criterion Validity

The extent to which a test's results correlate with other measures or outcomes that are already accepted as reflecting the variable being tested.

Epidemiological

Relating to the study of the distribution and determinants of health and diseases in populations.