Court Opinion

ID: 9447676
Source: CourtListenerOpinion
Date Created: 2023-08-03 22:41:00.860214+00
Date Added: 2024-06-11T17:31:08.480220
License: Public Domain

On Petition for Rehearing
PER CURIAM.
On reconsideration of our rulings on the interest allowed below, as stated in the last paragraph of our opinion of December 6, 1960, we adhere to our ruling that interest was properly allowed on $28,558 from March 29, 1954 to December 21, 1956; for that period as a result of the seller’s breach the buyer was wrongfully deprived of the benefits for which it had paid that sum (the purchase *189price). And interest on $15,958, the difference between the original purchase price and the resale price, was properly allowed below from December 21, 1956 to date of judgment. Our opinion which stated that this second component of the proper interest charge should run from March 29, 195k is corrected accordingly. Thus computed, we think the allowance accords with New Jersey law. Cf. Second Nat. Bank v. Columbia Trust Co., 3 Cir., 288 P. 17, 22, 30 A.L.R. 1299.
Except for the correction just above specified, we adhere to our earlier rulings and with that exception the petition for rehearing is denied.