Question 3 (1 point) () Listen What does a "liquidated damages" clause do in a contract? Allows a seller to liquidate the goods it agrees to sell if they aren't paid Allows the parties to agree on the kind of damages that a court can award for a breach O Allows a buyer to resell damaged goods without having to pay the seller Allows the parties to agree on an amount to be paid upon a specific breach Question 4 (1 point)What does a "venue" clause do in a contract? A clause that states which jurisdiction the contract will be interpreted in and which laws govern the contract A clause that allows parties to choose a venue to sign a contract A clause in a contract that specifies where a transaction will take place A clause that states the jurisdiction and place in which the parties agree to litigate any disputes in a contract Question 5 (1 point) Listen What is an "indemnity clause" in a contract