Wilmot v. Cox

How courts have described this case

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

• although a clause in a loan commitment referred to liquidated damages whereas the payment was actually a penalty prohibited by law, such illegality was not a proper defense to the issuer’s obligation to honor a draft pursuant to a letter of credit

Source: CourtListener parenthetical corpus (CC0).