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Business Law 4th Edition by David Twomey,Marianne Jennings
Edition 4ISBN: 978-1133588245Business Law 4th Edition by David Twomey,Marianne Jennings
Edition 4ISBN: 978-1133588245 Exercise 6
Anthony makes a contract to sell a rare painting to Laura for $100,000. The written contract specifies that if Anthony should fail to perform the contract, he will pay Laura $5,000 as liquidated damages. Anthony fails to deliver the painting and is sued by Laura for $5,000. Can she recover this amount?
Explanation
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Liquidated damages are stated in contrac...
Business Law 4th Edition by David Twomey,Marianne Jennings
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