FIRST NAT'L BK. OF BARRINGTON v. Oldenburg

How courts have described this case

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

• where buyers defaulted on land contract, vendors allowed to retain earnest money without showing of actual damages suffered on account of buyers' default
• $13,450 liquidated damage provision on purchase of $134,450 home was reasonable
• “It is axiomatic that where, as here, the buyers default on a contract, the sellers may retain the full amount of the earnest money without reference to the amount of actual damages which the sellers may have suffered as a result of the purchasers’ default.”

Source: CourtListener parenthetical corpus (CC0).