Which of the following would establish that damages of $10 000 will be payable by a supplier if it fails to deliver products to a retailer on time?
A) a liquidated damages clause
B) a condition precedent
C) an exemption clause
D) a limitation of liability clause

Question

Quizplus · Accepted Answer

A liquidated damages clause establishes a specific amount of damages that will be payable if a certain condition is not met, in this case the failure to deliver products on time.

Which of the Following Would Establish That Damages of $10