Sean and Janine Sign an Agreement That Provides for the Payment

Multiple Choice

Sean and Janine sign an agreement that provides for the payment of $3,000 by the party that commits a material breach of the contract. It appears at the time the clause is signed that a breach by either party will create substantial damages. This clause is a​

A) rescission clause.
B) liquidated damage clause.
C) penalty clause.
D) nominal damage clause.