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Tom and Nancy Enter into a Written Contract for the Sale

Question 22

Multiple Choice

Tom and Nancy enter into a written contract for the sale of a dollhouse that Tom will custom-make for Nancy.In the contract,Nancy agrees to pay $350 if she breaks the contract.This sum of money is known as:


A) mitigation of damages.
B) speculative damages.
C) equitable remedy.
D) liquidated damages.

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