Question: We Build It Right contracts to build a restaurant for Thomas Coffee Shop within 300 days. The written contract states We Build it Right will

We Build It Right contracts to build a restaurant for Thomas Coffee Shop within 300 days. The written contract states We Build it Right will pay Thomas $100 a day if they are not finished in that time. This is: ?

Enforceable as a liquidated damages clause.

An example of the perfect tender rule.

Unenforceable, as it is a penalty clause.

Unenforceable, because building contracts often run overtime, thats just the way it is in the industry.

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 General Management Questions!

Individuals A and B carry on business through a partnership. A and B are both active in the business and share profits equally after deducting partner salaries. In the current year the partnership...

Caf Paradiso Business Plan - Business Plan 2007/2008 Commercial-in-Confidence Date Sample Table of Contents 1.0 2.0 3.0 4.0 5.0 Executive Summary 1 1.1 Business Opportunity 1 1.2 Product/Service...

These are what my teacher expects for a strategic analysis essay: "Strategic Case Analyses - Case studies provide important windows into the real problems that firms are trying to solve. Note, since...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Required: (a) Considering issues of performance measurement and control, what are the benefits and risks of the standardization that you read about in this case? (b) Do Exhibits 5 & 6 point to an...

What might the company do to improve its competitive position? Describe options and the strategic advantage(s) of these options. Consider both competitive and cooperative options. What is your...

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

All questions are to be answered in a short essay form. Structure your answers around the factual basis. 1. Landlord-tenant relationship is a peculiar one. Please discuss legal aspects of this...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

I need this done using your own work. I need to see how you got the answers and try to show work s we look back on 2014, we are pleased with our accomplishments. We continued to focus for many...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

In Pennsylvanias Cash 5 lottery, balls are numbered 1 to 43. Five balls are selected randomly, without replacement. The order in which the balls are selected does not matter. To win, your numbers...

Knight Company reports the following costs and expenses in May. Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Periodcosts....

Acompany's Internal audit function can be: A In - house B Outsourced to a CPA firm Elther in - house or outsourced D Elther selected by the company or the Conthum

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...