If the Parties Agree on the Amount of Damages That

question 46

True/False

If the parties agree on the amount of damages that will be paid to the injured party if the other party fails to perform, this amount is known as illusory damages.

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Definitions:

Punishment

A consequence applied with the intent of reducing the occurrence of an undesirable behavior.

Positive Punishment

Adding an unpleasant stimulus in response to a behavior to decrease the likelihood of that behavior happening in the future.

Negative Punishment

A behavioral modification technique where a desirable stimulus is removed following an unwanted behavior, decreasing the likelihood of that behavior occurring again.

Mild Punishers

Interventions or consequences designed to decrease a behavior's occurrence, which are not severe or harsh.