Multiple Choice
Which of the following statements is incorrect concerning liquidated damages?
A) A liquidated damages clause will be enforced if, when the contract was made, it was difficult to estimate actual damages.
B) The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach.
C) Nominal damages are not the same thing as liquidated damages.
D) Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
Correct Answer:
Verified
Correct Answer:
Verified
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