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April 19, 2008 at 8:08 AM #190307
tothjj
Participant

The simplicity of your argument is hard to counter. You entered a contract with another party. Both parties agreed on the terms and signed off on them. If one party defaults, the other party has agreed that the compensation set out in the contract is acceptable. I have no problem with a person defaulting on a contract if the other party has agreed to and then receives the requisite compensation.