Question: As a contractor you have built a 1 0 0 - unit apartment complex that rents for $ 4 5 0 per unit a month.

As a contractor you have built a 100-unit apartment complex that rents for $450
per unit a month. For late completion, you were assessed $2,000 per day. Would
you qualify the assessment as liquidated damages or as a penalty? Explain your
answer by showing calculation. (10 Points)
As a contractor you have built a 100-unit apartment complex that

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