Universal Camera, a camera manufacturer, sold 50 single lens reflex cameras to Lens Master, a retail
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Question:
Universal Camera, a camera manufacturer, sold 50 single lens reflex cameras to Lens Master, a
retail store that sells cameras. The purchase price was $200 per camera. The written contract
between Universal Camera and Lens Master contained the following provision: "In the event that
Lens Master breaches this contract, Universal Camera will be entitled to receive $10,000 in
damages."
(1) How would you characterize the the above-stated damages provision: valid, voidable, void, or
none of these choices?
(2) Explain your answer to part (1) of this question in no more than two sentences.
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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