Is the provision enforceable? Discuss all issues.

American Furniture, Inc. has agreed to buy from Chairs and Sofa, Ltd. 50 chairs for $50 apiece and 20 sofas for $300 apiece. Th e parties determined that in the event either party breaches the contract, the defaulting party shall pay the nondefaulting party $10,000 as liquidated damages. Is the provision enforceable? Discuss all issues.

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