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Unformatted text preview: be considered a penalty. The sum can cover damages only. A penalty is designed to coerce performance by punishing default. Vanderbilt argues that the damages to the university are hard to measure, and they far exceed the cost of just hiring a new football coach. DiNardo says that his salary has no relationship to the damages caused to Vanderbilt. The contract and early renewal implied the importance of keeping him and having a stable program. Evidence was provided that getting a new head coach is very expensive. Then the case was remanded to the district court. Section 8 seemed to be penal to discourage him from taking another coaching job. It was suggested finally that the exact damages be determined if possible. Defense: Gerry DiNardo Verdict: Law and Economics Notes: Liquidated damages Money agreed upon when the contract is ended without completion...
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This note was uploaded on 12/11/2007 for the course ECON 4040 taught by Professor Hay during the Fall '07 term at Cornell University (Engineering School).
- Fall '07