1.The answer isB
Liquidated damages is a sum agreed by the parties at the time of contracting that is payable in the event of a breach. For example, an amount payable per day for failure to complete building work. If they are a genuine attempt to pre-estimate the likely loss the court will enforce payment.
2.The answer isB.
The principle of enlightened shareholder value means that the law should encourage longtermism and regard for all stakeholders by directors and that stakeholder interests should be pursued in an enlightened and inclusive way.
To achieve this, a duty of directors to act in a way, which, in good faith, promotes the success of the company for the benefit of the members as a whole, was created.
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