California · Civil Code
CIV §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.
What this law says, in plain English
This law addresses liquidated damages provisions that sellers may use when buyers fail to complete real property purchases.
Read the full statutory text
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 other provision for liquidated damages in a contract to purchase and sell real property shall be determined under Section 1671.
Verify at the official source: California legislative text
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