SFX Paintball Games, Inc, and Truck &Trailer Delivery Corporation sign an agree-ment that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to esti-mate but approximately $1,000.". This is
a. a liquidated damages clause.
b. a mitigation of damages clause.
c. a nominal damages clause.
d. a penalty clause.
a
You might also like to view...
Explain the different types of planning for the different levels of management. Include the typical time frame for which each plan is created.
What will be an ideal response?
What are the four elements of the database approach? Explain the role of each
Jaime buys a home by paying part of the purchase price up front in cash and borrowing the rest of the funds from Valley Credit Union. The part of the price paid up front in cash is
A. a down payment. B. a home equity loan. C. a reverse mortgage. D. the average prime offer rate.
What are some of the advantages of investing through mutual funds? Name at least three
What will be an ideal response?