California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 3. OBLIGATIONS |
Part 2. CONTRACTS |
Title 4.5. LIQUIDATED DAMAGES |
Chapter 2. Default on Real Property Purchase Contract |
Section 1679.
Latest version.
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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.
(Added by Stats. 1977, Ch. 198.)