Assume that Jack and Hal and Sophia enter into a valid contract for the sale of the restaurant and for the covenant not to compete. Part of the agreement states that prior to the closing Jack will have an addition to the dining room built on to the building. In order to make sure that Jack does this timely, Hal and Sophia put a clause into the contract that states that for every day past October 15th that the addition is not finished, Hal and Sophia are entitled to reduce the purchase price by $500. In order for the clause to be enforceable:
At the time that the contract was entered into, it must be hard to estimate the damages for a breach
The amount set as damages that is a reasonable estimate of the actual damages and not a penalty

answera major piece of legislation affecting the financial industry and containing significant privacy provisions for individuals;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.