Which statement is true regarding a liquidated damages clause? A provision for liquidated damages is...

60.1K

Verified Solution

Question

Accounting

Which statement is true regarding a liquidated damages clause?
A provision for liquidated damages is enforceable so long as it is not punitive in
nature.
A provision for liquidated damages is illegal.
A provision for liquidated damages will be enforced regardless of whether it is
punitive in nature.
A provision for liquidated damages is void because of public policv.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students