Asked by Nimisha Shivaprasad on Jun 20, 2024
Verified
Between parties in equal bargaining positions, a contract provision that states no damages can be recovered for certain types of breaches may be enforced.
Equal Bargaining Positions
A situation where negotiating parties possess similar power and leverage, promoting fairness in the negotiation outcome.
Certain Types Of Breaches
Specific instances or categories of violations of contractual agreements or legal obligations.
- Comprehend the legal benchmarks that determine the enforceability of stipulations related to damages and remedies within contracts.
Verified Answer
KO
Kaitlin O'ReillyJun 24, 2024
Final Answer :
True
Explanation :
Courts generally enforce contract provisions, including those that limit damages for certain types of breaches, especially between parties in equal bargaining positions, as it is assumed that they have the capacity to negotiate terms that reflect their mutual interests and understanding.
Learning Objectives
- Comprehend the legal benchmarks that determine the enforceability of stipulations related to damages and remedies within contracts.
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