ContractsRemedies For BreachMEDIUM
Liquidated damages are typically:
Correct Answer
B) Pre-agreed, usually the earnest money
Liquidated damages are pre-determined at contract formation. Earnest money commonly serves as liquidated damages.
Answer Options
A
Court-determinedB
Pre-agreed, usually the earnest moneyC
The full priceD
ProhibitedWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
earnest-moneybreach
Key Terms:
liquidatedpre-agreedearnest
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