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Where a contract states the sum to be paid in the event of a breach of contract, the stated sum is known as which of the following?
A Unliquidated damages
B Liquidated damages
C Specific damages
D Nominal damages
答案：The answer isB
Liquidated damages is a sum agreed by the parties at the time of contracting that is payable in the event of a breach. For example, an amount payable per day for failure to complete building work. If they are a genuine attempt to pre-estimate the likely loss the court will enforce payment.
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