Plaintiff Marchbrook Building Company agreed to buy some land from defendant Joanne R. Souchek and paid her a $500,000 deposit toward the purchase. When a dispute arose over the closing of the first phase of the sale, Souchek sued Marchbrook, claiming Marchbrook had breached the contract. Souchek sought a declaration that she was entitled to keep the $500,000 deposit as liquidated damages under the contract...
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