Damages that are agreed upon at the time the contract is entered into are called ________.
A)compensatory damages
B)consequential damages
C)liquidated damages
D)mitigation of damages

Question

Quizplus · Accepted Answer

The parties to a contract may expressly provide in their contract that a specific sum shall be recoverable if the contract is breached.Such provisions are called liquidated damages provisions.

Damages That Are Agreed Upon at the Time the Contract