"A contractual term for liquidated damages relieves the court of the need to carefully calculate the plaintiff's losses.A contractual term for a penalty does not have the same effect." Explain the meaning of that statement.Explain whether or not that statement is true.

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The Answer of "A contractual term for liquidated damages relieves the court of the need to carefully calculate the plaintiff's losses.A contractual term for a penalty does not have the same effect." Explain the meaning of that statement.Explain whether or not that statement is true.

"A Contractual Term for Liquidated Damages Relieves the Court of the Need