California Civil Code
§ 1677
CIV § 1677Div. 3 · Title 4.5 · Part 2 · Ch. 2
Statute text
View on leginfo.ca.govA 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.
Legislative history
Added by Stats. 1977, Ch. 198.