Liability for Consequential Damages Resulting from a Breach of Contract

question 5

Multiple Choice

Liability for consequential damages resulting from a breach of contract may also be limited or excluded by agreement.Will this limitation or exclusion be always enforced?

• A)Yes,it will always be enforced.
• B)No,it will not be enforced if it would be unconscionable.
• C)Yes,if both parties agreed to it in the contract.
• D)Yes,it will be enforced in case of injury caused to a person by consumer goods.

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Definitions:

Compensation Budgeting

The process of allocating and managing financial resources meant for employee salaries, bonuses, benefits, and other forms of compensation.

Budgeted Amount

The estimated financial spending for specific purposes or projects as planned in a budget over a set period.

Employee Satisfaction

A measure of how content and fulfilled employees feel within their job roles and work environment.

Compensation System

An organized approach utilized by companies to pay and reward employees for their contributions, including salary, wages, bonuses, and benefits.