Posts Tagged ‘liquidated damages’
Difference Between Liquidated Damages, Breach of Contract Penalty
Question: Our daughter attends ASU, and we personally guaranteed a one-year lease for her Tempe condominium. The lease expiration date is May 31. Our daughter, however, moved out of the Tempe condominium one month early at the end of April to live with us until she goes to Europe for three months. My daughter’s friend…
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