Carl contracts to sell his house and lot to Winifred for $30,000 . The terms of the contract call for Winifred to pay 5 percent of the purchase price as a deposit toward the purchase price, or a down payment. The terms further stipulate that should the buyer breach the contract, Carl will retain the money as damages. What type of damages does this agreement exemplify?

a. Compensatory c. Nominal
b. Punitive d. Liquidated

D

Political Science

You might also like to view...

Which statement holds true for an accused person if a jury does not reach a unanimous decision in his court case?

a. No civil charges can be filed against the convict for damages. b. The individual cannot be charged for the same crime again. c. The judge can declare a mistrial and the accused can receive a second trial with a new jury. d. The option of a plea bargain is still open to the accused.

Political Science

Distinguish between the president's role as chief executive and the president's role as chief legislator

What will be an ideal response?

Political Science