True/False
If Wallace and Bruce designated in their contract an amount to be paid in the event of a breach and the amount is found to be so high it is considered a penalty, the injured party will be left without a remedy.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q19: Bob's brother, Steve, planned to visit over
Q20: The costs or losses an injured party
Q21: According to the "American Rule," when contracting
Q22: Restitution requires a return of value to
Q23: Misrepresentation that induces a party to enter
Q25: Where a contract is unenforceable because of
Q26: The purpose of reliance damages is to
Q29: Joann, an antique dealer, intentionally misrepresents the
Q41: Contract damages that put the injured party
Q62: Damages for reliance include expenses for:<br>A) lost