Business, 18.12.2019 02:31 makaylahamrick
Renew turf, inc., enters into a contract with sports park to provide surface material for sports park's baseball fields by october 1 for a series to begin october 5. the contract specifies an amount to be paid if the contract is breached. this is a liquidated damages clause if the amount is:
a. meant to pay for additional liquid sealant in the event of damage
b. a reasonable estimate of the loss on a breach
c. designed to penalize the breaching party
d. intended to quickly provide cash to the non-breaching party
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