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