On February 13, 1974, plaintiff contracted with defendant to demolish a school building at a bid price of $24,000. The contract included a liquidated damages clause providing for the payment by plaintiff of $50 for each day that the project remained unfinished beyond the scheduled completion date. The contract was thereafter extended so as to provide a completion date of April 24, 1974. On August 1, 1974, plaintiff submitted a bill for $24,000 to defendant for payment under...
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