Multiple Choice
Which is not a correct statement concerning a liquidated damages clause?
A) If the clause is enforced, the injured party can collect no more than the amount specified.
B) If the clause is enforced, the injured party has a choice between compensatory damages or liquidated damages.
C) The amount of liquidated damages must not be excessive.
D) The amount of liquidated damages are established by the parties to the contract.
Correct Answer:
Verified
Correct Answer:
Verified
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