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WhiteFish

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WhiteFish

Re: stevenmaese post# 56404

Wednesday, 04/06/2016 10:58:13 AM

Wednesday, April 06, 2016 10:58:13 AM

Post# of 84644
May want to refer to Utah Law on the $4K a day

Liquidated damages clauses usually stipulate to a per diem penalty rate, agreed upon by both parties. The courts will not recognize and uphold a liquidated damages clause if the damages are unreasonable.



I'd say $4K a day on $15K of debt are unreasonable damages. Good luck with that.

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