Question: Softtouch Hardware is opening a new store and plans a week long celebration beginning on December 2 to honor the occasion. In preparation, Softtouch pays

Softtouch Hardware is opening a new store and plans a week long celebration beginning on December 2 to honor the occasion. In preparation, Softtouch pays Spangled Banners $300 to make a large banner with the wording "Grand Opening." The terms of their contract include a clause that requires Spangled Banners to deliver the banner by December 2 or pay Softtouch $100 a day for each day after December 2 that it fails to deliver the banner. Because of material shortages Spangled Banners does not deliver the banner until December 4th. Softtouch sues Spangled Banners for $200. Which of the following is true?

Group of answer choices

A. Softtouch is seeking incidental damages

B. Softtouch is seeking liquidated damages.

C. The contract involves a condition subsequent

D. The contract contains a condition precedent.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!