Liquidated damages and penalties · Bar Exam · Flashcards

QUESTION

A construction contract sets damages of $500 for each day of delay, and the owner's expected rental loss is about $450 per day. On what ground is the clause enforceable?

QUESTION

A contract requires a $100,000 payment for any late payment of a $1,000 invoice. What may the creditor recover for a one-week delay?

QUESTION

A construction contract sets damages of $500 for each day of delay, and the owner's expected rental loss is about $450 per day. On what ground is the clause enforceable?

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