This edition also contains expanded material on electronic contracting, a reorganized remedies chapter, and revised and reorganized material on areas including promissory estoppel and stipulated damages
Awaits sentencing after pleading guilty on June 28, 2011 to one count of mail fraud with stipulated damages
of between $2.
And it would allow state judges to make a determination that returning stipulated damages
to victims is "not practicable" and send the money directly to the legal aid fund, a potential due process violation, they said.
Thus, like conditions, stipulated damages
are tools that a promisor may use to allocate risks.
To begin with, a central problem with penalty doctrine, at least in its traditional form, is that it determines the enforceability of stipulated damages
clauses without reference to other terms of the contract.
the damages are higher) than paying the expectation-level damages in a contract without stipulated damages
II THE EVOLUTION OF THE LAW OF STIPULATED DAMAGES
In such an eventuality, he said, a party could be absolved of his contractual liability without that party having to pay the stipulated damages
in the event of a violation.
Such situations put the court in the position of deciding "whether or not it will rewrite the contract by striking the stipulated damages
clause as a penalty.
Therefore, parties should resort to liquidated or stipulated damages
provisions in contracts, whenever possible.
Nevertheless, it is expected that the construction contract for the project will feature a fixed-price with a guaranteed completion date, standard performance and payment bond provisions and stipulated damages
payments in the event completion is delayed.
It does this by sometimes declining to award expectancy damages, often in the very situations where stipulation seems sensible, and also by providing expectancy damages where the award of stipulated damages
is regarded as a penalty.