Daniel agreed that he would erect an apartment building for Steven for $12...
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Accounting
Daniel agreed that he would erect an apartment building for Steven for $ million and that Daniel would suffer a deduction of $ per day for every day of delay. Daniel was twenty days late in finishing the job, losing ten days because of a strike and ten days because the material suppliers were late in furnishing him with materials. Daniel claims that he is entitled to payment in full
a because the agreement as to $ a day is a penalty and
b because Steven has not shown that he has sustained any damage. Discuss each
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