Business Law Today, Comprehensive 10th Edition by Roger LeRoy Miller

تمرين 5

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.