William F. Koedding and August F. Koedding, III v. George T. Slaughter

LAY, Chief Judge.

In this diversity case, William Koedding and August Koedding, III were awarded a $135,000 judgment against George Slaughter for breach of a contract involving the purchase and sale of the Holiday Inn in Rolla, Missouri. The district court’s opinion is reported at 481 F.Supp. 1233 (E.D.Mo. 1979). On appeal, Slaughter claims alternatively that (1) the contract was unenforceable; (2) the Koeddings breached the contract; and (3) the liquidated damage clause limited the award of damages to $10,000. We affirm the judgment of the district court.

In 1977, the Koeddings decided to sell…