题目内容

In relation to remedies for breach of contract, explain:
(a) the difference between liquidated damages and penalty clauses; (7 marks)
(b) the duty to mitigate losses. (3 marks)

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In relation to company law:
(a) explain the meaning of limited liability. (3 marks)
(b) Explain and distinguish between:
(i) unlimited companies; (2 marks)
(ii) companies limited by guarantee; (2 marks)
(iii) companies limited by shares. (3 marks)

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