What factors would a court consider to determine whether the $1 million liquidated damages provision constitutes valid

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What factors would a court consider to determine whether the $1 million liquidated damages provision constitutes valid damages or is a penalty?

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Business Law Text and Cases

ISBN: 978-0324655223

11th Edition

Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F

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Question Posted: Apr 30, 2012 03:40 AM

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What factors would a court consider to determine whether the $1 million liquidated damages provision constitutes valid

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To determine whether a provision is for liquidated damages or for a penalty a court asks 1 A...View the full answer

Business Law Text and Cases

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