General Contractor enters into a contract with a municipality for the construction of a pedestrian bridge. The contract provides that "any departure from the terms of this contract subjects the General Contractor to a $5,000 per day penalty which the General Contractor agreed shall be paid by the General Contractor on demand."

a. The quoted provision is an enforceable arbitration agreement. b. The quoted provision is an unenforceable restraint on trade. c. The quoted provision is an unenforceable liquidated-damages clause.