A Contractor and Southampton, Inc

Multiple Choice

A contractor and Southampton, Inc.have a contract, which calls for the contractor to build a building with the completion by June 15.If the building is not completed by that date, the contract calls for the contractor to pay $100 per day in damages.The $100 per day is:

A) liquidated damages.
B) an illegal penalty.
C) punitive damages.
D) nominal damages.