Liquidated Damages Are Enforceable Only If the Actual Damages Are

question 94

True/False

Liquidated damages are enforceable only if the actual damages are easy and practical to determine.

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Definitions:

Insures

Provides insurance coverage to protect against potential loss or damage.

Fire Loss

The damage or destruction of property due to fire, often assessed for insurance claims.

National Insurance

A system of compulsory payments made by employees and employers to fund various types of state benefits and healthcare.

Easements

Rights granted to use the property of another for a specific purpose, such as right of way.