A contractor agreed to build a skating rink for the plaintiff at a price of $180,000. The
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A contractor agreed to build a skating rink for the plaintiff at a price of $180,000. The rink was to be completed by December 1 and was designed to replace a similar but older rink that the plaintiff rented for $800 a month. A clause in the contract awarded the plaintiff “$100 per day in liquidated damages” for each day after December 1 that the rink was not completed. Was this a valid liquidated damages clause? Explain.
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Related Book For
The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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