Where the contracting parties agree in advance the amount payable in the event of breach, the sum payable is called as-
A. Liquidated damages
B. Unliquidated damages
C. Judicial damages
D. Preliminary damages
Answer:A
Where the contracting parties agree in advance the amount payable in the event of breach, the sum payable is called as-
A. Liquidated damages B. Unliquidated damages C. Judicial damages D. Preliminary damages