Flores v. Millennium Interests, Ltd.
185 S.W.3d 427 | Texas Supreme Court | 2005
Holding Summary
An executory contract seller's timely annual statement that omits some required information does not trigger liquidated damages unless the statement is so deficient as to be something other than a good faith attempt to inform the purchaser.
Liquidated damages provision is penal in nature and does not require actual harm.
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