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In Bloom's Taxonomy, When You Understand, You Can

question 37

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In Bloom's taxonomy, when you understand, you can:


Definitions:

Liquidated Damages

A predetermined amount of money that must be paid as damages for failure to perform under a contract, the amount of which is stipulated within the contract itself.

Breach of Contract

The violation of a contractual obligation by one party that results in harm or loss to the other party.

Breach of Contract

A legal term referring to the violation of a binding agreement between two or more parties.

Contractual Duties

Obligations that parties must follow as outlined in a contract, enforceable by law.

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