Question
Drew contracts to sell a house to Evan. The contract provides that if Drew does not sell the house by February 10, he must pay
Drew contracts to sell a house to Evan. The contract provides that if Drew does not sell the house by February 10, he must pay Evan one-half of the contract price. This provision is not enforceable because it is ________.a. a liquidated damages clause.b. a material breach.c. a mitigation of damages.d. a penalty clause.
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Advanced Accounting
Authors: Gail Fayerman
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9781118774113, 1118774116, 111803791X, 978-1118037911
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