Problem 1: Why is it important for the Contractor to identify limitations to the inspection and warranty provisions of the Contract during the proposal phase of the procurement?
Problem 2: What are liquidated damages?
Problem 3: Explain what the buyer's obligations are in a commercial contract?
Problem 4: Explain the concept of anticipatory repudiation.
Problem 5: What are some typical rights found in a warranty clause? Consider both services and goods in your answer.
Problem 6: What are contract options? Explain how they work and how they can be exercised.