At Times, the Parties to a Contract Include a Statement

question 21

Multiple Choice

At times, the parties to a contract include a statement right in their contract wherein damages are explicitly set in the event one of the parties breaches the agreement. Such a statement is called a(n) :

• A) loss payable clause.
• B) exclusion clause.
• C) integration clause.
• D) liquidated damages clause.

---

Definitions:

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation, which can be tested through experimentation and observation.

National Hockey League

A professional ice hockey league in North America, composed of teams from the United States and Canada.

Winning Percent

The ratio of wins to total games or matches played, typically expressed as a percentage.

Senatorial Election

An electoral process in which citizens vote to elect representatives to the Senate, the upper chamber of the legislature in some countries.