Essay
In a construction contract,there is a $1,000 per day estimate of damages for each day that the contract runs over the completion date.The contractor is 30 days late when the job is completed,resulting in a prospective damage award of $30,000.What is this type of clause,and when will it be enforced?
Correct Answer:
Verified
This type of clause is known as a liquid...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q30: Mulligan Domestics Co.breached a contract by refusing
Q31: Specific performance may be available for the
Q32: Banner enters into a contract with Sylvia
Q33: Nominal damages are awarded in contract cases
Q34: A contract clause which specifies the amount
Q36: Larry wanted to buy a 1957 Cadillac
Q37: Liquidated damages are awarded to parties who
Q38: Bob,a house builder,contracts with Ollie to build
Q39: Dr.Gonzalez ordered specialized surgical equipment from Physician's
Q40: If a court awards nominal damages,it will