Asked by
khusnul kholuq
on Nov 27, 2024
Verified
Liquidated damages provisions normally are unenforceable.
Liquidated Damages
An amount, stipulated in the contract, that the parties to a contract believe to be a reasonable estimation of the damages that will occur in the event of a breach.
- Recognize the enforceability and function of liquidated damages provisions.
Verified Answer
CB
Learning Objectives
- Recognize the enforceability and function of liquidated damages provisions.
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