Month: October 2019

Money for Nothing

Liquidated damages will be upheld unless unreasonable.  It is so when it “bears no reasonable relationship to the range of actual damages that the parties could have anticipated would flow from a breach.”  Ridgley v. Topa Thrift & Loan Assn., 17 Cal.4th 970, 977 (Cal. App. 1998). In a recent case, lenders lent $1.8 million to …

Money for Nothing Read More »