Carl agrees to build a hotel for jerry by december 1. both parties agree that if carl fails to meet his december 1 deadline, he would be obligated to pay $10,000 per day in damages beginning december 2 for each day it takes to finish the hotel past the december 1 deadline. the $10,000 per day damages represent: a. specific performanceb. restitution. c. liquidated damages. d. punitive damages

liquidated damages

Explanation: In simple words, liquidated damages refers to the damages that the parties designate with each other while forming the contract. Under this clause, the guilty party will pay the suffering party a certain amount of compensation in case of not performing an activity as per the contract.

In the given case, Carl and Jerry had a contract that Carl will build the hotel in a certain period which he fails to perform.

Hence, Carl is liable to pay liquidated damages to Jerry.

d) social security number

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