California Statutes
§ 1677. — 1677. (Added by Stats. 1977, Ch. 198.)
California·Code CIV Civil Code - CIV·Div. 3. DIVISION 3. OBLIGATIONS·Title 4.5.·Part 2. TITLE 4.5. LIQUIDATED DAMAGES·Ch. 2. CHAPTER 2. Default on Real Property Purchase Contract
A provision in a contract to purchase and sell real property liquidating the damages to the seller if the buyer fails to complete the purchase of the property is invalid unless:
(a)The provision is separately signed or initialed by each party to the contract; and
(b)If the provision is included in a printed contract, it is set out either in at least 10-point bold type or in contrasting red print in at least eight-point bold type.
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California § 1677. (1677. (Added by Stats. 1977, Ch. 198.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Royalty Alliance v. Tarsadia Hotels CA4/1
(California Court of Appeal, 2014)
Legislative History
Added by Stats. 1977, Ch. 198.