The sum of money agreed upon in advance to be the damages in the event certain problems occur later is best described as
A) judgement damages.
B) liquidated damages.
C) default damages.
D) punitive damages.

Name: The sum of money agreed upon in advance to be the damages in the event certain problems occur later is best described as A) judgement damages. B) liquidated damages. C) default damages. D) punitive damages.
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Question

Quizplus · Accepted Answer

This would be called liquidated damages.

The Sum of Money Agreed Upon in Advance to Be