Examlex
Which of the following is NOT a stage of the consumption process?
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to perform under a contract.
Penalty Unenforceability
The legal concept that a penalty clause within a contract may not be enforceable if it is deemed excessively punitive rather than a genuine pre-estimate of loss.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to perform certain obligations of a contract.
Damages Determination
The process by which courts calculate the amount of money to be awarded to a party in a lawsuit for losses or injuries suffered.
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