Business, 12.12.2020 17:10 shaelyn0920

Anthony makes a contract to sell a rare painting to Laura for $100,000. The written contract specifies that if Anthony should fail to perform the contract, he will pay Laura $5,000. as liquidated damages. Anthony fails to deliver the paining and is sued by Laura for $5000. Can she recover this amount? Explain using IRAC: Issue, Rule, Analysis, and Conclusion.

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Anthony makes a contract to sell a rare painting to Laura for $100,000. The written contract specifi...