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Rural Utility, Inc

Question 46

Multiple Choice

Rural Utility, Inc., enters into a contract with Shovel Excavation Service to dig up, replace, and rebury Rural's cables in a certain location. Rural advances Shovel 10 percent of its cost. If the parties rescind the contract, Shovel's refund of the payment would be


A) a penalty.
B) liquidated damages.
C) restitution.
D) specific performance.

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