A Liquidated Damage Provision Will Be Enforced When

question 2

Multiple Choice

A liquidated damage provision will be enforced when:

• A) a technical breach of contract has occurred without causing any actual loss.
• B) the amount specified is reasonable and actual damages are difficult to determine.
• C) the nature of the contract is such that damages are easy to determine.
• D) the amount agreed on is not the injured party's exclusive remedy.

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Definitions:

Flowchart

Visual diagram of a process, including the decisions that need to be made along the way.

Pseudocode

A text-based approach to documenting an algorithm.

Control Structures

Constructs in programming that dictate the order in which operations are executed, including loops, conditionals, and case statements.

Compilation

The process by which code is converted into machine language—the language the CPU can understand.