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Liquidated Damages: Damages Due to Breach of Contract

Instructions:

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question 1 of 3

How are liquidated damages different from other damage awards?

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1. Sometimes the liquidated damages clause sets a damages amount that is disproportionate to the innocent party's anticipated actual loss. What occurs in this situation?

2. When are liquidated damages clauses enforceable?

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About This Quiz & Worksheet

This quiz and worksheet combo can help you assess your knowledge of liquidated damages and their benefits. Use these practice questions to see what you know before reviewing the lesson and check again to see what you retained from it.

Quiz & Worksheet Goals

Use this quiz and worksheet to review:

  • Requirements for a liquidated damages clause
  • Benefits of liquidated damages clauses
  • Differences between liquidated damages and other damage awards
  • Definition of liquidated damages

Skills Practiced

This quiz/worksheet combo can help you practice the following skills:

  • Information recall - access the knowledge you have gained regarding liquidated damages
  • Reading comprehension - ensure that you draw the most important information from the related legal lesson
  • Problem solving - use acquired knowledge to solve legal practice problems

Additional Learning

To learn more about liquidated damages, check out the lesson on Liquidated Damages: Damages Due to Breach of Contract. This lesson will help you:

  • Identify examples of liquidates damages
  • Review liquidated damages clauses
  • Understand the advantages of liquidated damages
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