Liquidated Damages Flashcards
1
Q
Another form of recoverable damages with breach of contract _
A
Liquidated damages
2
Q
If contractor doesn’t finish job by a specific date, they will have to pay fixed amount of _
A
Damages each day
3
Q
Liquidated damages are frequently called for in contracts because may be difficult for parties to _
A
Determine what actual monetary damages are…
4
Q
Determine what the actual monetary damages are in the event of a breach or a _
A
Delay in performance
