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As accusations and executions multiplied in Salem, what was the long-term impact of the witchcraft trials there?
Liquidated Damages
A bona fide estimate of the monetary damages that would flow from the breach of a contract.
Consequential Damages
Indirect damages that do not flow directly from the act but occur as a consequence of the initial act, often involving loss of profit or other secondary losses.
Liquidated Damages
A pre-determined sum agreed upon by parties in a contract as compensation for breach of contract, where actual damages are difficult to ascertain.
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