Multiple Choice
What is the UCC rule regarding punitive damages?
A) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 30 percent of the purchase price or $1,000,whichever is more,as punitive damages.
B) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 20 percent of the purchase price or $500,whichever is less,as punitive damages.
C) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 30 percent of the purchase price or $1,000,whichever is less,as punitive damages.
D) The UCC does not address punitive damages,other than voiding liquidated damages that are punitive in nature.
E) That the nonbreaching seller may claim against a breaching buyer who is guilty of malice 20 percent of the purchase price or $500,whichever is more,as punitive damages.
Correct Answer:
Verified
Correct Answer:
Verified
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