In October, Sweets, Inc., a candy maker, enters into a contract with Sugar Supply Co. whereby Sugar Supply is required to deliver 10,000 pounds of Sugar to Sweets. Sweets needs the sugar to make candy for the upcoming holiday season. In the contract there is a provision that states that if Sugar Supply breaches the contract, Sugar Supply must pay $1.00 pound for each pound of sugar it does not deliver. This type of provision is called: Question 7 options: A) compensatory damages B) punitive damages C) liquidated damages D) consequential damages
In October, Sweets, Inc., a candy maker, enters into a contract with Sugar Supply Co. whereby Sugar Supply is required to deliver 10,000 pounds of Sugar to Sweets. Sweets needs the sugar to make candy for the upcoming holiday season. In the contract there is a provision that states that if Sugar Supply breaches the contract, Sugar Supply must pay $1.00 pound for each pound of sugar it does not deliver. This type of provision is called: Question 7 options: A) compensatory damages B) punitive damages C) liquidated damages D) consequential damages
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In October, Sweets, Inc., a candy maker, enters into a contract with Sugar Supply Co. whereby Sugar Supply is required to deliver 10,000 pounds of Sugar to Sweets. Sweets needs the sugar to make candy for the upcoming holiday season. In the contract there is a provision that states that if Sugar Supply breaches the contract, Sugar Supply must pay $1.00 pound for each pound of sugar it does not deliver. This type of provision is called: |
Question 7 options:
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