Wright v. Coleman

How courts have described this case

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

• noting that a guaranty of payment “allows a creditor to seek indemnification directly from the guarantor,” while a guaranty of collection “allows a creditor to proceed against the guarantor only after having pursued collection from the principal debtor”
• upholding the imposition of a 25% default interest rate where, inter alia , \no disparity [in sophistication] between the parties impugns the valid and binding agreement they reached.\
• “Parties to a contract have the right . . . to specify within a contract the damages to be paid in the event of a breach . . . .”

Source: CourtListener parenthetical corpus (CC0).