Which of the Following Statements Is True with Respect to the Law

question 159

Multiple Choice

Which of the following statements is true with respect to the law of damages?

• A) A deposit is an amount of money a party to a contract agrees to forfeit if he or she breaches the contract.
• B) Damages are intended to punish the wrongdoer for breaching the contract.
• C) Damages are awarded for a breach of a condition but not for a breach of warranty.
• D) Damages are an order from the court for the breaching party to perform the contract as he or she agreed to do.
• E) If a contract contains a liquidated damages clause, the party who has breached the contract has agreed to pay to the party wronged an amount equal to all the loss that directly and naturally flows from the breach.

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Definitions:

Trademarks Act

Legislation that governs the registration, protection, and use of trademarks to identify and distinguish goods and services.

Copyright Act

Legislation that grants creators of original works exclusive rights to their use and distribution, typically for a limited time.

Copyright

A legal right granted to the creator of original works of authorship, including the exclusive right to reproduce, distribute, and adapt the creation.

Employer

An entity or individual who hires and pays workers for their services or labor.