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(Keep the response as short as possible please) What is a liquidated damages clause in a contract? a) Is it a good thing? b) Why

(Keep the response as short as possible please)

What is a liquidated damages clause in a contract? a) Is it a good thing? b) Why might the clause not be enforced by the courts? What is specific performance? In which situation would specific performance more likely be granted...sale of land contract or personal services contract? Why?

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