Business, 08.04.2020 04:24, potternatalie90
Metro Holding Company agrees to sell a vacant lot to New Town Property LLC. The contract provides that if Metro does not close the deal by October 15, it must pay New Town one-half of the contract price. This provision is not enforceable because it is
A) a liquidated damages clause.
B) an exculpatory clause.
C) a limitation-of-liability clause.
D) a penalty clause.
Answers: 1
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Metro Holding Company agrees to sell a vacant lot to New Town Property LLC. The contract provides th...
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