Sebastian v. Floyd

Supreme Court of Kentucky

585 S.W.2d 381 (Ky. 1979)

Relevant factsFree

Sebastian's installment land contract to buy the Floyds' (plaintiffs) house included a forfeiture clause allowing the Floyds to terminate and keep all payments as liquidated damages if she defaulted for 60 days; after Sebastian missed seven of her first 21 monthly payments, the Floyds sued to enforce the forfeiture clause.

IssueFree

Whether a forfeiture clause in an installment land contract is valid.

Holding & reasoning

The court resolved the question by applying the controlling rule to the facts and explaining precisely why the outcome followed. Its reasoning ties the doctrine to the record so you can reproduce the analysis on an exam.

Procedural history, concurrence & dissent

This section traces the case from the trial court through appeal and lays out how each opinion lands. Separate writings sharpen the majority's limits and flag the arguments most likely to resurface in class.

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