Diffley v. Royal Papers
Court of Appeals of Missouri
948 S.W.2d 244 (1997)
Relevant factsFree
The pension-plan trustees (plaintiffs) sought to collect a $210 late fee from Royal (defendant) under a memorandum imposing a 10-percent penalty on late monthly pension contributions, but the trial court entered summary judgment for Royal, finding the fee an unenforceable penalty rather than valid liquidated damages.
IssueFree
Whether liquidated damages clauses are valid.