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REID v. AUXIER

No. 60308.

690 P.2d 1057 (1984)

John J. REID and Karen M. Reid, Husband and Wife, Appellants, v. Mike AUXIER and Lee Auxier a/k/a Margaret Auxier, Husband and Wife, Appellees.

Court of Appeals of Oklahoma, Division No. 4.

Rehearing Denied August 3, 1984.

Certiorari Denied November 6, 1984.

Released for Publication November 9, 1984.

Attorney(s) appearing for the Case

Donald E. Herrold, Herrold, Shelton & Herrold, Inc., Tulsa, for appellants.

M.W. Kriegel, P.C., Tulsa, for appellees.

Released for Publication by Order of the Court of Appeals November 9, 1984.

BRIGHTMIRE, Judge.

Two fundamental questions arise in this review. One, is a liquidated damages provision in a real estate sales agreement valid? Two, does the contract here prevent the sellers from pursuing any remedy provided by law? The trial court held that the liquidated damages clause in the parties' sales contract was valid and prohibited...

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