Taylor v. Sanders

How courts have described this case

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

• “where the stipulated amount would be grossly in excess of actual damages, courts of law usually construe such a stipulation as an unenforceable penalty.”
• $3,000 promissory note held not to be disproportionate to the probable loss sustained by the seller as the result of the breach and was an enforceable liquidated damages on a contract $63,900 for real estate
• 5% ofthe purchase price of real property upheld

Source: CourtListener parenthetical corpus (CC0).