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Good Faith Purchaser
is a person who buys property without notice of any other party's claim to the title of the property and for a fair value.
Consequential Damages
Losses that arise not directly from a breach of contract but as a foreseeable result of the breach.
Monetary Damages
Compensation awarded in the form of money to a person who has suffered loss or injury as a result of the wrongful act of another.
Liquidated Damage Clause
A provision in a contract specifying a predetermined amount of damages to be paid if one party breaches the agreement.
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