ABC Electrical Inc. has a contract with a building contractor that provides that in the event of breach, ABC will be entitled to damages of $10,000. $10,000 is the amount of the profit that ABC anticipates it will earn from the contract. Which of the following best describes this type of contract term?

	a.	a provision that is likely void for public policy reasons.
	b.	a liquidated damages clause.
	c.	a condition precedent.
	d.	an exemption clause.
	e.	a limitation of liability clause.