Softtouch Hardware is opening a new store and plans a week long celebration beginning on December 2 to honor the occasio
Posted: Fri May 20, 2022 8:16 am
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.
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.