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1.) Liquidated damages are damages that: a. Fluctuate with market conditions b. Are awarded in addition to expectation damages and reliance damages c. Are pre-determined

1.) Liquidated damages are damages that:

a. Fluctuate with market conditions

b. Are awarded in addition to expectation damages and reliance damages

c. Are pre-determined in the contract

d. Punish the breaching party

2.) An agency by ________ occurs when the principal approves or accepts the benefits of the actions of an unauthorized agent (fill in the blank)

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