Carter v. Tokai Financial Services, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• invalidating liquidated damages clause where damages allowed by clause would “put the lessor in a better position following default than he would have been in had the lease been fully performed”
• unreasonable for lessor to retain all the realized value of property while also charging lessee for the amounts due on the remainder of the lease and the residual value of the leased property

Source: CourtListener parenthetical corpus (CC0).