What Are Liquidated Damages in Connection with a Contract

question 121

Multiple Choice

What are liquidated damages in connection with a contract?

• A) damages that are used to punish the non-breaching party
• B) damages that are set at a fixed amount in advance in the contract
• C) damages that are used when there are no actual damages
• D) damages that require approval in advance from the court
• E) damages that result in all assets of the breaching party being paid out as damages

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