Definition of liquidating damages

06-Nov-2017 19:51

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Where the agreement contains several matters of different degrees of importance, and yet the sum named is payable for the breach of any, even the least; 5.

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Unliquidated damages are such as are not yet reduced to a certainty in respect of amount, nothing more being established than the plaintiff's right to recover; or such as cannot be fixed by a mere mathematical calculation from ascertained data in the case. The contract succinctly specifies what actions, or omissions, constitute a breach.

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