Upside Software Development Ltd.has agreed in its contract to pay damages of $500 per day for each day that it is late in delivering the agreed upon software program to its client.What is this type of contract clause?
A) a condition precedent
B) a limitation of liability clause
C) a liquidated damages clause
D) an exemption clause

Question

Quizplus · Accepted Answer

The Answer of Upside Software Development Ltd.has agreed in its contract to pay damages of $500 per day for each day that it is late in delivering the agreed upon software program to its client.What is this type of contract clause?
A) a condition precedent
B) a limitation of liability clause
C) a liquidated damages clause
D) an exemption clause