Rodriguez v. Learjet, Inc.

Marquardt, J.:

Miguel A. Diaz Rodriguez (Diaz) appeals from the district court’s decision that a liquidated damages clause in his contract with Learjet, Inc., (Learjet) was reasonable and enforceable.

On August 21, 1992, Diaz executed a contract with Learjet to purchase a model 60 jet aircraft. The contract called for a $250,000 deposit to be made upon execution of the contract; a $750,000 payment to be made on September 18,1992; a $1,000,000 payment to be made 180 days before the delivery date of July 30, 1993; and the balance of the purchase price to be paid upon delivery.

Diaz paid Learjet…