• Card 42 / 54: Dick and Jane sign an agreement for the sale of a home in Washington, which contains a clause that provides for Jane (the buyer) to pay 10% of the purchase price to Dick (the seller), if Jane does not go through with the sale. This is an example of
    A) an enforceable liquidated damages clause
    B) a currently unenforceable liquidated damages clause, which might be corrected by a court through reformation of the percentage of the purchase price to 5%, to become enforceable.
    C) a rescissionary clause.
    D) a punitive damages clause.

    Answer:
    B) a currently unenforceable liquidated damages clause, which might be corrected by a court through reformation of the percentage of the purchase price to 5%, to become enforceable.

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card Space-Bar
<< First < Previous Next > Last >>

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now
Hide Choices Interactive Question Exam Home Page
https://www.jobilize.com/business-law-mcq-exam-3-bus201-washington-state-board-community-colleg

Business Law MCQ Exam#3 BUS201

Author:

Access: Public Instant Grading

Attribution:  Maureen Shellooe Miller. Open Course Library: BUS&201 Business Law. The Open Course Library. Washington State Board for Community & Technical Colleges, Jul. 2014. http://www.oercommons.org/courses/business-law-bus-201
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
Ask
Yacoub Jayoghli
Start Quiz
Jugnu Khan
Start Quiz
Madison Christian
Start Exam
Copy and paste the following HTML code into your website or blog.
<iframe src="https://www.jobilize.com/embed/business-law-mcq-exam-3-bus201-washington-state-board-community-colleg" width="600" height="600" frameborder="0" marginwidth="0" marginheight="0" scrolling="yes" style="border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px" allowfullscreen webkitallowfullscreen mozallowfullscreen> </iframe>