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Question 19 (2 points) The City of Bemidji, Minnesota, enters into an agreement with a contractor to replace a water main pipe. The contractor agrees
Question 19 (2 points) The City of Bemidji, Minnesota, enters into an agreement with a contractor to replace a water main pipe. The contractor agrees to finish the work by June 15. The agreement states that the contractor will have to pay $10,000 per day for each day the work is finished late. This is an example of Lost profits. Nominal damages. Liquidated damages. Direct damages. Question 20 (2 points) Bernd contracts to custom-build a car for Danielle for $50,000. Danielle repudiates the contract before either party has done anything in reliance on it. It would have cost Bernd $40,000 to build the car. What is the amount of damages Bernd can claim? $40,000 $50,000 $10,000 $60,000
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