Asked by
Vetri Selvan
on Nov 27, 2024
Verified
A contract clause that provides the only remedy for breach is repair, replacement, or refund of the purchase price is invalid and unenforceable.
Invalid
Not legally or factually sound; without force or effect.
Unenforceable
Describes a contract or agreement that, due to legal deficiencies or irregularities, cannot be legally upheld or enforced.
Contract Clause
A provision included in a contract that specifies the obligations, rights, or restrictions for the parties involved.
- Recognize the enforceability and limitations of clauses within a contract, such as liquidated damages clauses and exclusive remedy clauses.
Verified Answer
VJ
Learning Objectives
- Recognize the enforceability and limitations of clauses within a contract, such as liquidated damages clauses and exclusive remedy clauses.