Court Opinion

ID: 8893970
Source: CourtListenerOpinion
Date Created: 2022-11-26 23:39:24.593087+00
Date Added: 2024-06-11T17:07:21.962343
License: Public Domain

ARNOLD, Chief Judge.
Defendants argue that the trial court erred by assessing interest on the judgment from the date of the exchange of the Lee County property rather than from the date the action was instituted. In actions for breach of contract, “the amount awarded on the contract bears interest from the date of breach.” N.C. Gen. Stat. § 24-5(a) (1991). In actions other than contract, interest accrues on the judgment “from the date the action is instituted.” G.S. § 24-5(b). Defendants assert that because this case did not involve an action in contract, interest should have been awarded only from the date plaintiffs filed suit.
This argument is feckless. Plaintiffs’ claims for damages and the trial judge’s subsequent order were grounded in the equitable princi-*212pies of restitution or quasi-contract as opposed to the legal principles of contract law.
“Unjust enrichment” is a legal term characterizing the result or effect of a failure to make restitution of, or for, property or benefits received under such circumstances as to give rise to a legal or equitable obligation to account therefor. It is a general principle underlying various legal doctrines and remedies, that one person should not be permitted unjustly to enrich himself [or herself] at the expense of another ....
Ivey v. Williams, 74 N.C. App. 532, 534, 328 S.E.2d 837, 839 (1985) (quoting 66 Am. Jur. 2d Restitution and Implied Contracts Sec. 3, at 945 (1973)). “Accordingly, in the absence of any actual agreement between parties, the law will nonetheless impose a contract in order to prevent ‘unjust enrichment.’ ” Peace River Electric Cooperative v. Ward Transformer Co., 116 N.C. App. 493, 508-09, 449 S.E.2d 202, 213 (1994) (citing Ellis Jones, Inc. v. Western Waterproofing Co., 66 N.C. App. 641, 645, 312 S.E.2d 215, 217 (1984)) (emphasis added), disc. review denied, 339 N.C. 739, 454 S.E.2d 655 (1995).
In this case, the law imposed a contract between the parties where none existed. Therefore, the trial judge’s award of interest from the date of the transfer of the Lee County property was in accord with the statutory requirement that interest is awarded from the date of the breach of contract. G.S. § 24-5(a).
This approach is also consistent with equitable principles of restitution as interpreted by the Restatement of the Law of Restitution.
[A] person who has a duty to pay the value of a benefit which he has received, is also under a duty to pay interest upon such value from the time he committed a breach of duty in failing to make restitution, if, and only if:
(a) the benefit consisted of a definite sum of money, or
(b) the value of the benefit can be ascertained by mathemat-icál calculation from the terms of an agreement between the parties or by established market prices, or
(c) payment of interest is required to avoid injustice.
Restatement (First) of Restitution § 156 (1936).
Defendants claim that the value of the benefit received by the transfer of the Lee County property is unascertainable. We disagree. *213The market value of the Lee County property was never seriously disputed by the parties. Both defendant Ram Farmah and plaintiff Narésh Farmah testified at trial that the property was worth approximately $37,000.00 to $38,000.00. We hold that the value of the Lee County property was clearly ascertainable, and the trial judge properly awarded interest from the date of the sale.
Defendants next argue that the trial court’s failure to allow them an offset for a discharged debt between Ram Farmah and Naresh Farmah constitutes reversible error. No assignment of error is set out in the record on appeal that corresponds to this issue; therefore the matter is not properly presented for our consideration. N.C.R. App. P. 10(a); State v. Thomas, 332 N.C. 544, 554, 423 S.E.2d 75, 80 (1992).
Defendants make numerous arguments and assignments of error that are not supported by relevant reasoning or citations of authority in their brief. These issues are waived on appeal. N.C.R. App. P. 28(b)(5).
Defendants’ remaining assignments of error challenge the findings of fact and conclusions of law made by the trial judge. We have reviewed each of the questioned findings and hold that there is sufficient evidence to support each finding. We have also reviewed the trial judge’s conclusions of law and hold that they are supported by the facts found in this case.
Affirmed.
Judges COZORT and WYNN concur.