Metro Facilities,Inc

Multiple Choice

Metro Facilities,Inc.,contracts to sell a parking lot to Nouveau Property Company. The contract provides that if Metro does not close the deal by September 15,it must pay Nouveau one-half of the contract price. This provision is not enforceable because it is

A) a liquidated damages clause.
B) an exculpatory clause.
C) a limitation-of-liability clause.
D) a penalty clause.