If a buyer is submitting an offer on an approved Contract to Buy and Sell Real Estate in which the seller has requested liquidated damages if the buyer is in default
a. this may be specified by marking the correct box in the Remedies section
b. this is the contract default, and the buyer and seller do not need to do anything
c. the seller will check the appropriate box after accepting the offer
d. the proper language must be inserted in Additional Provisions
Answer: b. this is the contract default, and the buyer and seller do not need to do anything
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DXZ, Inc currently produces one product which sells for $250 per unit. The company's fixed costs are $75,000
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