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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