

McqMate
Q. |
Stipulations in a contract providing for enhanced rate of interest from date of default of payment of principal or compound interest are considered to be in the nature of |
A. | Liquidated damages |
B. | Penalty |
C. | Unliquidated damages |
D. | None of these |
Answer» B. Penalty |
View all MCQs in
Fundamentals of Laws and EthicsNo comments yet