Opinion ID: 1132959
Heading Depth: 1
Heading Rank: 4

Heading: Claim for Money Had and Received

Text: On the Defendants' counterclaim for money had and received, the jury returned a verdict in favor of the Defendants in the amount of $23,569.91. The trial Court ordered that this be remitted to a judgment of $12,006.80. Appellees contend that the following amounts were owed to them by G.E.C.C.: (1) Interest overcharge $ 1,400.00 (2) Hilton and Patrix Contracts 5,474.85 (3) Florida Sales Tax 1,248.45 (4) Commitment Fees 300.00 (5) Credit Life Premiums 487.50 (6) Past due deferred certificates 3,096.00 __________ TOTAL $12,006.80 G.E.C.C. first contends that, under the reserve provisions of the retail financing agreement, no amount of reserves could be recovered under a claim for money had and received because the agreement made reserves payable only at G.E.C.C.'s sole discretion. The testimony of Bob Williamson, as set out in Part II of this opinion, affirmatively proves that over $3,000 in deferred certificates had matured and were presently owing to Appellees. G.E.C.C. cannot now be heard to complain that they really did not owe these amounts to Appellees. G.E.C.C. also contends that the proceeds from the sale of mobile homes to the Hiltons and Patrixes were retained by them and applied against the indebtedness under the wholesale financing agreement and the accompanying revolving credit note, in order to reduce the outstanding indebtedness to the amount of $17,899.47 under its claim on the wholesale agreement and note. This, it asserts, was proper under the terms of the wholesale financing agreement which explicitly entitled them to retain a security interest in the inventory of mobile homes and any proceeds thereof. We have carefully reviewed the record in this case; and we hold that the great preponderance of the evidence supports G.E.C.C.'s claim that the proceeds of these two contracts have already been credited to Appellees and, therefore, cannot support Alford's count for money had and received. We further hold that the other amounts recovered by Appellees on the money had and received count were properly allowed. [5]