Carla Wolfe orders some inventory from Supplex Co Carla calculates that if Supplex is late in delivery, she will lose about $100 a day in profits. They agree to specify in the purchase order that Supplex will pay Carla $100 a day if late
What is this clause called?
A) Penalty clause
B) Liquidated damages clause
C) Pre-estimated clause
D) Guarantee clause
E) Defeasance clause
B
Business
You might also like to view...
An INVERTED yield curve is characterized by long-term rates exceeding short-term rates
Indicate whether the statement is true or false
Business
A Permissive Democrat combines a high degree of subordinate participation in decisions with close supervision
Indicate whether the statement is true or false
Business