
Cengage Advantage Books: Fundamentals of Business Law Today 10th Edition by Roger LeRoy Miller
النسخة 10الرقم المعياري الدولي: 978-1305075443
Cengage Advantage Books: Fundamentals of Business Law Today 10th Edition by Roger LeRoy Miller
النسخة 10الرقم المعياري الدولي: 978-1305075443 تمرين 6
Liquidated Damages Cuesport Properties, LLC, sold a condominium in Anne Arundel County, Maryland, to Critical Developments, LLC. As part of the sale, Cuesport agreed to build a demising wall between Critical Developments' unit and an adjacent unit within thirty days of closing. If Cuesport failed to do so, it agreed to pay $126 per day until completion. This was an estimate of the amount of rent that Critical Developments would lose until the wall was finished and the unit could be rented. Actual damages were otherwise difficult to estimate at the time of the contract. The wall was built on time, but without a county permit, and it did not comply with the county building code. By the time Critical Developments arranged for the wall to be modified to comport with the code, 260 days had elapsed from the date of the contract deadline for the completion of the wall. Does Cuesport have to pay Critical Developments $126 for each of the 260 days? Explain. [ Cuesport Properties, LLC v. Critical Developments, LLC, 209 Md.App. 607, 61 A.3d 91 (2013)] (See Damages.)
التوضيح
Liquidated Damages:
The term liquidated...
Cengage Advantage Books: Fundamentals of Business Law Today 10th Edition by Roger LeRoy Miller
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