Opinion ID: 2128566
Heading Depth: 1
Heading Rank: 2

Heading: In Rindfleisch v. Mundt Estate, supra, decided in 1956, this appears:

Text: There have been approximately 60 `peculiar circumstance' cases before this court. About 40 per cent have been decided in favor of the presence of such circumstances. As to whether peculiar circumstances exist which permit the filing of claims after expiration of statutory limitation depends on the circumstances of each case. [Citations] There have never been two cases exactly alike. Some are similar in certain respects, but not as to all questions involved. The Code section involved in this case is coextensive with the statutory history of our State.    (247 Iowa loc. cit. 1127, 77 N.W.2d loc. cit. 645). Since that opinion was written many more cases have been considered. No useful purpose would be served by reanalysis. In the case before us there was ample evidence to support the trial court's findings of fact. III. Included in the claim was an interest charge of 1 per cent per month called a service charge. There was no evidence of any agreement authorizing any such charge. At the trial below claimant suggested computing the interest at five percent commencing six months after each item of charge. The trial court properly disallowed the service charge and rejected claimant's alternative. The claim here was based on an open account. Section 535.2, Code of 1966, authorizes interest at the rate of five cents on the hundred by the year on:    f. Money due upon open accounts after six months from the date of the last item. Other rates within the limitations of the law are authorized in certain cases not applicable here. Section 535.4 prohibits receipt of interest in excess of that permitted by law. In Des Moines Bank and Trust Company v. Iowa Southern Utilities Company, 245 Iowa 186, 61 N.W.2d 724, it was contended that interest should be computed as of the date of each transaction. We said: We cannot agree with this. It ignores and in effect nullifies subsection 6 of Code section 535.2. (subsection 6 now appears as subsection f) (loc.cit. 192, 61 N.W.2d loc.cit. 728.) The trial court reduced the account $903.53, the amount of interest included therein. The court then allowed the claim in the amount of $2,771.47 with interest thereon at 5 percent per annum from September 5, 1966, which is six months after the last item of charge. The trial court was right. The case is Affirmed.