California Codes, Civil Code - CIV, Division 3 — Obligations, Part 2 — Contracts, Title 4.5 — Liquidated Damages, Chapter 2 — Default on Real Property Purchase Contract, Section 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 other provision for liquidated damages in a contract to purchase and sell real property shall be determined under Section 1671.
Notes
Limits the chapter to liquidated-damages provisions benefiting the seller when a buyer fails to complete a real-property purchase. Other liquidated-damages clauses in real-property purchase and sale contracts are governed instead by the separate general liquidated-damages provision referenced in the statute.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1679 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-2/title-4-5/chapter-2/section-1679