Keshbaf Knitting, Inc. v. Shoshani
A creditor sued a debtor in the trial court. They resolved their differences through a stipulation that established a payment schedule and provided for the entry of judgment in a predetermined amount in the event of a default. The debtor defaulted, and the trial court entered judgment in accordance with the stipulation. COURT too conclude that the amount of the judgment was reasonably related to the actual damages incurred by the creditor, such that the stipulated judgment is valid. Court therefore affirm.
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