If a plaintiff's loss involves damaged property, it is described as liquidated damages.

Name: If a plaintiff's loss involves damaged property, it is described as liquidated damages.
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

Liquidated damages refer to a predetermined amount of damages agreed upon in a contract in the event of a breach. Damage involving damaged property would be considered unliquidated damages as the value of the property must be determined by a court or arbitrator.

If a Plaintiff's Loss Involves Damaged Property, It Is Described