ON 15 OCTOBER 1914, the United States enacted the Clayton Antitrust Act of 1914.

BA, LLB, Grad Cert Leg Prac, Acc Spec Lawyer
ON 26 SEPTEMBER 1914, the Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) was signed into law by US President Woodrow Wilson.
http://www.law.cornell.edu/uscode/text/15/chapter-2/subchapter-I

ON 1 JULY 1914, the House of Lords delivered Dunlop Pneumatic Tyre Co Ltd v New Garage & Motor Co Ltd [1915] AC 79; [1914] UKHL 1 (1 July 1914).
http://www.bailii.org/uk/cases/UKHL/1914/1.html
Liquidated sum clauses are valid and enforceable under contract law; penalty clauses are not. A liquidated sum is a genuine estimate of the losses from a breach; a penalty frightens or deters a party from breach.
A court will construe a clause to be a penalty if:
A court will presume a clause to be a penalty if it is for a single lump sum payable in the occurrence of one or multiple events, some of which may only warrant minimal damages.
A court will presume a clause to be liquidated if the consequences of a breach are hard or impossible to estimate as it is probable that the pre-estimated damage was the true bargain between the parties.
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ON 26 JULY 1909, the House of Lords delivered Addis v Gramophone Co Ltd [1909] UKHL 1, [1909] AC 488.
http://www.bailii.org/uk/cases/UKHL/1909/1.html
The decision is notable for establishing the general principle that damages for breach of contract do not cover injured feelings, mental anxiety, distress, anguish or frustration.
In cases of wrongful or unfair dismissal, damages are limited to lost earnings during the period of notice and are not to compensate the manner of dismissal; loss of reputation; difficulty of finding other employment; or injured feelings, mental anxiety, distress, anguish or frustration.
Damages for breach of contract are compensatory and the court may not award exemplary damages.
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ON 10 DECEMBER 1907, Switzerland introduced the Swiss Civil Code.
Sydney, Australia
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Best v Best [1908] VicLawRp 1; [1908] VLR 1 (1 October 1907).
http://www.austlii.edu.au/au/cases/vic/VicLawRp/1908/1.html
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ON 18 DECEMBER 1906, the High Court of Australia delivered Balmain New Ferry Co Ltd v Robertson [1906] HCA 83; (1906) 4 CLR 379 (18 December 1906).
http://www.austlii.edu.au/au/cases/cth/HCA/1906/83.html
A party who wishes to rely on a contractual term is required to show that it did all that was reasonable to bring term to the other party’s attention.
The plaintiff was not considered to have been falsely imprisoned by the ferry terminal’s turnstiles as he was considered to be free to leave the premises by water.
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ON THIS DAY in 1905, Alfred and Albert Stratton were the first in Great Britain to be convicted for murder in a trial where fingerprint evidence was used.
http://www.oldbaileyonline.org/browse.jsp?id=t19050502-415&div=t19050502-415
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ON 11 NOVEMBER 1903, the High Court of Australia delivered it’s first decision in the case of Dalgarno v Hannah [1903] HCA 1; (1903) 1 CLR 1 (11 November 1903).
http://www.austlii.edu.au/au/cases/cth/HCA/1903/1.html
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ON 6 OCTOBER 1903, the High Court of Australia sat for the first time in the Banco Court of the Supreme Court of Victoria in Melbourne.
http://www.hcourt.gov.au/about/history
