d) a and b only term of art refers to a clause that parties may include in a contract that specifies fail a) Breach b) Implied Warranty c) Rescission d) Force Majeure e) All of the above. 37. Which term o that will excuse performance? 38. Which of the following are classifications of compensatory damages? a) Direct damages b) Punitive damages c) Consequential damages d) A and C only e) All of the above. 39. Which of the following are remedies for breach of contract? a) Specific performance b) Injunction c) Recission d) a and b only e) All of the above. 40. Which of the following statements are true regarding a liquidated damages clause? a) The situation must be one that is difficult or impossible to determine damages for b) Stipulates that a certain amount must be paid in the event that a breach occurs. c) The amount in damages specified must not be excessive compared to the probable damages that could be sustained. d) A and C only. e) All of the above. 41. Which of the following statements are true regarding tender of payment