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Apart from the fact that these types of contractual terms are legally invalid and unenforceable. http://en.wikipedia.org/wiki/Penal_damages http://en.wikipedia
by westicle 14y ago
Apart from the fact that these types of contractual terms are legally invalid and unenforceable.
http://en.wikipedia.org/wiki/Penal_damages http://en.wikipedia.org/wiki/Penal_damages
- evincarofautumn 14y agoWow. That’s very interesting. So the rate must actually be a reasonable estimate of expected loss. If you were to bill for the time you took out of your schedule to resolve the payment issue, it might work out to a few percent anyway.