What is the difference between liquidated and unliquidated damages?

What is the difference between liquidated and unliquidated damages?

Where the plaintiff in an action sues for a predetermined and inelastic sum of money, he is claiming liquidated damages. But where he seeks to recover such an amount as the court, in its discretion, is at liberty to award, he is claiming unliquidated damages and this so even more where he has specified particular sum of money in pleading.

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Last Updated: April 13, 2013