Multiple Choice Questions on If parties make no attempt to estimate the loss but in advance fix an amount payable on nonperforman........... for Judicial Services (Master) Preparation

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Multiple Choice Questions

If parties make no attempt to estimate the loss but in advance fix an amount payable on nonperforman...........

Indian Contract Act (ICA)1872 indemnity and guarantee
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    If parties make no attempt to estimate the loss but in advance, fix an amount payable on nonperformance of the contract, such amount is called 

    Exemplary Damages 

    Incorrect Answer

    Special damages 

    Incorrect Answer

    Liquidated Damages

    Incorrect Answer

    Penalty 

    Correct Answer
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