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Penalty vs Liquidated damages - 74
Description
Contract I Mind Map on Penalty vs Liquidated damages - 74, created by Jay Ganesh on 12/10/2013.
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contract i
contract i
Mind Map by
Jay Ganesh
, updated more than 1 year ago
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Created by
Jay Ganesh
about 11 years ago
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Resource summary
Penalty vs Liquidated damages - 74
Liq. Damages
fair, genuine & reasonable
Proportionate to the loss
Penalty
Excessive
Disprpportionate
Reasonable interest on breach - liquidated damage
higher interest from data of entering the contract - penalty
higher interest from the date of breach - liquidated
Compound interest at the same rate as simple - liquidated
Compound interest higher than the simple - penalty
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