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In relation to the Contract Law of China:（a) explain the term ‘liquidated damages’, and st

In relation to the Contract Law of China:

(a) explain the term ‘liquidated damages’, and state the legal nature of them; (2 marks)

(b) state the rules relating to the award of liquidated damages; (6 marks)

(c) state the rule relating to the award of liquidated damages for delay in performing the contractual obligation. (2 marks)

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