Which of the following statements is incorrect concerning liquidated damages?
a. A liquidated damages clause will be enforced if, when the contract was made, it was difficult to estimate actual damages.
b. The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach.
c. Nominal damages are not the same thing as liquidated damages.
d. Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
d
Business
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The judicial branch has the power to hold actions of the other branches of government unconstitutional.?
Indicate whether the statement is true or false
Business
A principal is liable for the torts of an agent committed while the agent is: A) within the scope of employment
B) on a frolic. C) on vacation. D) None of the above
Business