Multiple Choice
If the parties do not agree to liquidated damages,does the UCC provide for them?
A) Yes,the non-breaching seller may claim against a breaching buyer 20 percent of the purchase price or $500,whichever is less,as liquidated damages.
B) Yes,the non-breaching seller may claim against a breaching buyer 20 percent of the purchase price or $500,whichever is more,as liquidated damages.
C) No,because liquidated damages are unavailable under the UCC unless the parties have expressly agreed to them.
D) Yes,the non-breaching seller may claim against a breaching buyer 30 percent of the purchase price or $1,000,whichever is more,as liquidated damages.
E) Yes,the non-breaching seller may claim against a breaching buyer 30 percent of the purchase price or $1,000,whichever is less,as liquidated damages.
Correct Answer:

Verified
Correct Answer:
Verified
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