A contract provision which provides that, in an event of default, the purchaser is entitled to $10,000.00 from the seller is known as a
A. rescission provision.
B. “time of the essence” provision.
C. specific performance provision.
D. liquidated damage provision.
Answer: D
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Indicate whether the statement is true or false
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).
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