If the Buyer and Seller Have an Agreement for Liquidated

question 37

Multiple Choice

If the buyer and seller have an agreement for liquidated damages, and the seller justifiably withheld delivery of the goods because of the buyer's breach, the buyer is entitled to recover:

• A) any money or goods he has delivered to the seller over and above the agreed amount of liquidated damages.
• B) an amount in excess of $500 or 20 percent of the value of total performance.
• C) any money or goods he has delivered to the seller only to the agreed amount of liquidated damages.
• D) an amount in excess of $1,000 or 20 percent of the value of total performance or whichever amount is higher.

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