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Law · Q919

Indian Contract Act

Graduate and Post Graduate · Law · question 919

Q919

The liquidated damages are essentially-

A.
Payment of money stipulated as a warning to the offending party
B.
Payment of compensation determined by the court
C.
Compensation arbitrarily determined by the aggrieved party
D.
Genuine covenanted pre-estimated damages
Answer

Answer: Option D

Solution

Answer: Option D
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