Legal Opinion
Co-Build Companies, Inc. v. Virgin Islands Refinery Corp.
Court of Appeals for the Third Circuit
Decided February 13, 1978No. Nos. 77-1664 and 77-1743PublishedCited by 17 opinions
1Opinion of the Court
opinion of the court
ADAMS, Circuit Judge
This appeal presents the question whether the trial court erred in determining that a liquidated damages provision in a sales contract pertaining to Virgin Islands real estate barred the recovery of actual damages by the seller when the buyer refused to go ahead with the transaction. We have concluded that it was not error in this case to limit the plaintiffs’ recovery to the amount contemplated by the liquidated damages clause.
A
Plaintiffs, Co-Build Companies, Inc. (Co-Build), Warren L. Trafton, and Rogers P. Bressi, agreed on April 10, 1974, to sell…
2Cases cited8 opinions
- Pacific Coast Agricultural Export Ass'n v. Sunkist Growers, Inc.Court of Appeals for the Ninth Circuit · 1975
- Roth v. HartlSupreme Court of Pennsylvania · 1950
- Skeoch v. OttleyCourt of Appeals for the Third Circuit · 1967
- Skeoch v. OttleyCourt of Appeals for the Third Circuit · 1967
- Gordon v. Woods. In Re Young CorpCourt of Appeals for the First Circuit · 1953
3 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Banks v. International Rental & Leasing Corp.Supreme Court of The Virgin Islands · 2011
- General Engineering Corporation v. Martin Marietta Alumina, Inc.Court of Appeals for the Third Circuit · 1986
- Martinez v. Colombian Emeralds, Inc.Supreme Court of The Virgin Islands · 2009
- Moore v. A. H. Riise Gift ShopsDistrict Court, Virgin Islands · 1987
- Murray v. Beloit Power Systems, Inc.District Court, Virgin Islands · 1978
12 more not listed; retrieve them via the Exa API.