A contract clause which specifies the amount of damages to be ...

[rosent76]

A contract clause which specifies the amount of damages to be paid in the event of a breach is called
 A)a covenant of damages clause.
 B)a reliance interest of damages clause.
 C)a liquidated damages clause.
 D)an incidental damages clause.

Question 2

In an arbitration agreement, the parties may choose to restrict the arbitrator's powers or let the arbitrator decide what is equitable and good.
  Indicate whether the statement is true or false

[braelync]

Answer to Question 1

C

Answer to Question 2

TRUE

[rosent76]

TYSM

[AmberC1996]

Thanks for the timely response, appreciate it