Court Opinion

ID: 9458087
Source: CourtListenerOpinion
Date Created: 2023-08-04 20:42:35.485119+00
Date Added: 2024-06-11T17:35:38.017548
License: Public Domain

SWYGERT
(dissenting in part and concurring in part).
I dissent only from Judge Sprecher’s finding that interest accrued from December 1962, the time of the last payment on account. Section 19-12-103, Ind.Stat.Ann., requires that two conditions be fulfilled before interest will accrue. Interest is computed “upon the day an itemized bill shall have been rendered and payment demanded.” In Scot-co v. Dormeyer Indus., 402 F.2d 336 (7th Cir. 1968), the fact that all bills had been sent as of a certain date was not sufficient to trigger the assessment of interest. The court required a further act, the filing of the complaint, in order to fulfill the “payment demanded” requirement. Similarly, in the instant case, the facts indicate only that all the invoices had been sent out by December 1962. Since there is no evidence of a specific demand for payment by this date as required by the act, I do not agree that interest ought to be assessed from December 1962.