Author Question: Teshawn and Amber have a contract with a clause that states that in the event of a breach, the ... (Read 55 times)

colton · **on:** Jun 24, 2018

Teshawn and Amber have a contract with a clause that states that in the event of a breach, the breaching party will pay the non-breaching party 5,000.00. The type of clause is referred to as a _____ clause.
A) compensatory damages
B) liquidated damages
C) incidental damages
D) punitive damages

Question 2

Partnership property:
A) is always personal property.
B) is owned by the partners as tenants in partnership.
C) can be pledged to a partner's personal creditor.
D) All of the above