Leet v. Totah

RODOWSKY, Judge.

In this action alleging breach of a contract to sell land by the vendors’ refusal to convey, the purchaser obtained judgment for $15 million in expectation interest damages. A contract provision limited the purchaser’s remedies for the vendors’ default, “including failure to make full settlement,” either to specific performance or to rescission and return of the purchaser’s deposit. The circuit court ruled as a matter of law that the provision limiting remedies was void, as contrary to public policy, or, if not per se void, that the provision was inapplicable under the facts…