Question: Kuznicki made a contract for the installation of a fire detection system by Security Safety Corp. for $498. The contract was made one night and

Kuznicki made a contract for the installation of a fire detection system by Security Safety Corp. for $498. The contract was made one night and canceled at 9:00 the next morning. Security then claimed one-third of the purchase price from Kuznicki by virtue of a provision in the contract that “in the event of cancellation of this agreement. the owner agrees to pay 331/3 percent of the contract price, as liquidated damages.” Was Security Safety entitled to recover the amount claimed? [Security Safety Corp. v Kuznicki, 213 NE2d 866 (Mass)]

Step by Step Solution

3.44 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

No Under the circumstances it was clear that the amou... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

131-L-B-L-C (894).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!