As a house builder, you often take on more work than you can handle. For years you have consistently completed homes behind schedule, but you continue to be profitable. Your current project is running 90 days late and the homebuyer states that she intends to pursue punitive damages. Punitive damages represent:

a. the exact amount due to the injured party for his loss

b. the amount agreed to in advance

c. the specific performance stated in the contract

d. the amount above what would barely compensate the injured party for his loss