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【单选题】
Which of the following statements in relation to liquidated damages is correct?A.
Parties to a contract must stipulate an amount of money as liquidated damages
B.
A party to a contract may claim liquidated damages and deposit where the other party breaches the contract
C.
Where they are significantly higher than the damages incurred, a party may petition the court to make an appropriate reduction
D.
They are a form of punishment in nature
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