Subject to Review? Consideration, Liquidated Damages and the Penalty Jurisdiction
The paper examines the relationship between what seem to be basic principles in contract law: "consideration need not be adequate" and "the rule against penalties applies only to sums payable on breach." The 'reluctant inspiration' lies in the recent Australian case of...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sol_research/1737 https://ink.library.smu.edu.sg/context/sol_research/article/3689/viewcontent/Subject_to_Review.pdf |
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| Institution: | Singapore Management University |
| Language: | English |