Which of the following is the best summary of the dispute?

Multiple Choice

Alps' standard form contract included a limitation of liability$/$limitation of consequential damages clause. If that clause is applied, Alps does not owe Gottlieb consequential damages. Gottlieb argues that the clause should not apply because it was specifically objected to within a reasonable amount of time.

Alps' standard form contract included a limitation of liability$/$limitation of consequential damages clause. If that clause is applied, Alps does not owe Gottlieb consequential damages. Gottlieb argues that the clause should not apply.

Gottlieb's standard form contract included a limitation of liability$/$limitation of consequential damages clause. If that clause is applied, Gottlieb does not owe Alps consequential damages. Alps argues that the clause should not apply.

Gottlieb's standard form contract included a limitation of liability$/$limitation of punitive damages clause. If that clause is applied, Gottlieb does not owe Alps punitive damages. Alps argues that the clause should not apply.