What is the theory behind a liquidated damages clause in a contract?
Answer to relevant QuestionsTina Townsend, age 25, a well- known comic, signed a contract for $ 20,000 with Stillman to perform at Stillman’s Country Dinner Theater for five nights. Because Townsend had a drinking problem, a clause in the contract ...Palmer was a retail florist. He sold his business to Flower Haven and agreed not to engage in the retail florist business in his city for five years. Before the end of the five years, Palmer went back into the business, and ...On May 2, Mavrick orally contracted with the Target Appliance Center to buy for $ 475 a TV for his new apartment. Mavrick and the Target salesperson both agreed that delivery would be made on July 2. On May 10, Mavrick ...a. What is the purpose of identifying goods for the contract? b. Who bears the risk of loss when a contract is breached? While he was a soldier in the U. S. Army during World War II, Lieber found some of Adolf Hitler’s personal effects. Twenty- two years later, while Lieber was living in Louisiana, his chauffeur stole the collection and sold ...
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