Liquidated damages are intended to represent anticipated losses to the owner based upon circumstances existing at the time the contract was made. List at least five types of potential losses to the owner that would qualify for determination of such potential losses.

1. Loss of income.

2. Rental costs.

3. Utility bills.

4. Loss of rent.

5. Storage costs.

Explanation:

Liquidated damages can be defined as pre-determined damages or clauses that are highlighted or indicated at the time of entering into a contract between a contractor and a client which is mainly based on evaluation of the actual loss the client may incur should the contractor fail to meet the agreed completion date.

Generally, liquidated damages are meant to be fair rather than being a penalty or punitive to the defaulter. It is usually calculated on a daily basis for the loss.

When entering into a contract with another, liquidated damages are intended to represent anticipated losses to the owner based upon circumstances existing at the time the contract was made.

Listed below are five (5) types of potential losses to the owner that would qualify for determination of such potential losses;

1. Loss of income.

2. Rental costs.

3. Utility bills.

4. Loss of rent.

5. Storage costs.

answer:

an example of solubility is salt or sugar dissolving in water.

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the equation above shows how temperature f, measured in degrees fahrenheit, relates to a temperature c, measured in degrees celsius. based on the equation, which of the following must be true?

a temperature increase of 1 degree fahrenheit is equivalent to a temperature increase of

5

9

degree celsius.

a temperature increase of 1 degree celsius is equivalent to a temperature increase of 1.8 degrees fahrenheit.

a temperature increase of

5

9

degree fahrenheit is equivalent to a temperature increase of 1 degree celsius.

a) i only

b) ii only

c) iii only

d) i and ii only