Law School Discussion

Contract Law Q

Re: Contract Law Q
« Reply #10 on: December 13, 2007, 04:58:31 PM »
I'm going to toss my cookies.   ???

Re: Contract Law Q
« Reply #11 on: December 15, 2007, 08:24:28 PM »
Law is so pathetic

Re: Contract Law Q
« Reply #12 on: December 18, 2007, 05:38:28 PM »
I have a contract with you that says you will bake me chocolate cookies.

"A clause stipulates that if you are late in baking chocolate cookies, you owe me $1/day."

Is this a stipulated damages clause that precludes coming after you for other sorts of damages?  Or does it only say that you will owe me $1/day for lateness, leaving other questions of damages open?

KISS (keep it simple stupid). First, you must read the contract closely. If it says the penalty for tardiness is a dollar a day and only a dollar a day, the scribner f--- up. You can't go after additional damages. If the clause just says "you owe me $1/day for tardiness, claims for other damages are permissable.

Big V