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Teshawn and Amber Have a Contract with a Clause That

Question 32

Multiple Choice

Teshawn and Amber have a contract with a clause that states that in the event of a breach, the breaching party will pay the non-breaching party $5,000.00. The type of clause is referred to as a _____ clause.


A) compensatory damages
B) liquidated damages
C) incidental damages
D) punitive damages

Correct Answer:

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