Norwest Bank Minnesota v. Blair Road Associates, L.P.

How courts have described this case

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

• holding that prepayment charge was not interest “because it is not compensation for the use of money but a charge for the option or privilege of prepayment”
• “Liquidated damages provisions in a commercial contract between sophisticated parties are presumptively reasonable and the party challenging the clause bears the burden of proving its unreasonableness.”
• “Liquidated damages provisions in a commercial contract between sophisticated partes are presumptively reasonable and the party challenging the clause bears the burden of proving its unreasonableness.” (internal quotation marks omitted)
• “Certainly there was no evidence of any coercive intent by Norwest.”’

Source: CourtListener parenthetical corpus (CC0).