Original contract provided liquidated damages clause

Assignment Help Operation Management

Reference no: EM132115593

A purchased and received some “items” from B for $2,000, some of them being defective. They negotiated a settlement price of $1,200, which A paid. B then objected to the settlement because he felt he had been too generous, and A and B then revised the amount to $1,400. (1) Discuss the validity of both settlements under both UCC and common law. (2) What result would you expect if the original contract provided a liquidated damages clause?

Reference no: EM132115593

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