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United States v. Wegematic
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United States v. Wegematic | |
Court | 2nd Circuit |
---|---|
Citation | 360 F.2d 674 |
Date decided | May 5, 1966 |
Facts
- In June 1956, the Federal Reserve Board invites several electronics manufacturers to design computer systems.
- Wegematic Corp. = "Wegematic" = defendant = an electronic manufacturer which proposed building a new computer for delivery in 9 months
- The 2 parties signed a contract for delivery of the computer on June 30th 1957
- Liquidated damages for late delivery were set at $100/day
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