WESTMARK IV v. Teenform Associates

How courts have described this case

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

• holding that the prepayment premium on a commercial loan was permissible where the debtor freely entered into the contract, the terms of the contract were clear and unambiguous, and the parties were experienced and sophisticated
• holding court had no basis to conclude that the default interest rate was unenforceable, given the “defendants’ total failure to present” evidence
• a five-percent late fee was generally not a large or unreasonable fee in a commercial transaction

Source: CourtListener parenthetical corpus (CC0).