Court Opinion

ID: 9452994
Source: CourtListenerOpinion
Date Created: 2023-08-04 17:59:05.603369+00
Date Added: 2024-06-11T17:33:27.163124
License: Public Domain

ON PETITION FOR REHEARING
Appellants urge that the court misapplied the Texas law as it relates to the validity of contractual provisions for liquidated damages. It is said that in Stewart v. Basey, 150 Tex. 666, 245 S.W. 2d 484, Texas adopted Section 339 of the Restatement of Contracts, abandoning a former rule of reasonable approximation between stipulated damages and the actual loss. The trial court here applied the “reasonable forecast” concept of the Restatement rule and the record does not disclose that the damages were incapable or very difficult of accurate estimation.
Rehearing denied.