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Which of the following structures is found in the elbow?
Liquidated Damages
Pre-agreed upon sums specified in a contract, payable as compensation for breach or failure to meet specific terms.
Acknowledged Damages
Damages that have been recognized and confirmed by the parties involved in a dispute or by a legal authority.
Consideration
A fundamental requirement for the formation of a legally binding contract, involving an exchange of something of value between the parties.
Promisor
An individual or entity that makes a promise or commitment in a contract to perform some specified action in the future.
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