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California Civil Code Section 1671 provides that a liquidated damages provision is either presumptively valid or invalid depending upon the subject matter of the contract. If the...
California Civil Code says liquidated damages provision is presumptively valid or invalid depending on contract. If it involves retail purchase or rental of personal property or services or lease of property for housing, liquidated damages provision is presumptively void.
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Homeownership entails dealing with occasional unanticipated expenses.