What form of contract remedy is the seller agreeing to here

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Reference no: EM13780800

A contract between buyer and seller specifies that a seller will pay $1,000 per day if the seller fails to deliver the materials according to the project schedule. What form of contract remedy is the seller agreeing to here?

A. Liquidated Damages.

B. Insurance

C. Equitable Relief.

D. Remedial Payment.

Note: please include supporting rationale for selected answer.

Reference no: EM13780800

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