Acme Co. makes LMN-type widgets, which require a special raw material called earth blue. Acme sells approximately 100 LMN widgets per month under contracts with third parties for profit of $100,000 per widget. Acme buys earth blue from Material Co. under a five-year contract. There are only a few suppliers of earth blue. The contract between Acme and Material provides for liquidated damages if Material does not supply earth blue. The damages are $120,000 for each widget that Acme is unable to make. In month 10 of the contract, Material is unable to provide earth blue. What result? Consider: Amount of damages related to actual damages Must Acme try to mitigate damages? What about Acmes relationship with its customers? Why does the contract have a liquidation clause?