TITLE 4.5. LIQUIDATED DAMAGES [1671. - 1681.]
Heading of Title 4.5 added by Stats. 1977, Ch. 198.
§§ 1671–1681 · 8 sections
CHAPTER 1. General Provisions § 1671 · 1 section
- § 1671 (a) This section does not apply in any case where another statute expressly applicable to the contract prescribes the rules or standard for determining the…
CHAPTER 2. Default on Real Property Purchase Contract §§ 1675–1681 · 7 sections
- § 1675 (a) As used in this section, “residential property” means real property primarily consisting of a dwelling that meets both of the following requirements: (1)…
- § 1676 Except as provided in Section 1675, a provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to…
- § 1677 A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property…
- § 1678 If more than one payment made by the buyer is to constitute liquidated damages under Section 1675, the amount of any payment after the first payment is valid…
- § 1679 This chapter applies only to a provision for liquidated damages to the seller if the buyer fails to complete the purchase of real property. The validity of any…
- § 1680 Nothing in this chapter affects any right a party to a contract for the purchase and sale of real property may have to obtain specific performance.
- § 1681 This chapter does not apply to real property sales contracts as defined in Section 2985.