Court Opinion

ID: 9552279
Source: CourtListenerOpinion
Date Created: 2023-08-07 19:08:00.835352+00
Date Added: 2024-06-11T15:26:04.095007
License: Public Domain

ON MOTION FOR REHEARING
HATHAWAY, Judge.
On our own motion we are modifying our decision on rehearing, filed September 22, 1965, as to the computation of interest allowed therein to appellants. In all other respects our decision remains the same.
Re-examination of the judgments entered on December 29, 1960 and March 14, 1961 respectively, discloses that the trial court awarded interests to appellants from March 31, 1954 to February 27, 1957. The latter judgment, in addition to specifying the period for which interest was allowed, approved and ratified the master’s report wherein interest was computed for 37 months. Appellees did not, either by cross-appeal or otherwise, challenge the correctness of the 37 months figure.
In view of the fact that the trial court ordered the allowance of interest for a specified period, the erroneous computation in the master’s report, though accepted and approved in the same judgment, is not binding. Therefore only 35 months interest is to be added to appellants’ share and their final distribution is accordingly amended as follows :
Balance of share in net partnership assets $85,021.83
35 months interest at 6% on
$85,021.83 14,878.82
Total $99,900.65
The judgment is modified to allow the sum of $99,900.65 to appellants as their distribution, effective as of March 14, 1961. The distribution shall be effected by crediting appellants with payment in full of the $5,000 due from them on the Conditional Sales Contract dated April 22, 1958 and by crediting the balance of $94,900.65 as the down payment on account of the Contract for Sale of Real Estate da,ted February 25, 1958 whereby appellants agreed to purchase the leasehold property.
The time requirements of Rule 47(a)1 as to rehearing shall commence from notice of this supplemental decision, so that its issuance will not prejudice the right of review of the parties to this appeal.
KRUCKER, C. J., and MOLLOY, J., concurring.

. VIII. Rules of Court of Appeals, Rule 47 of the Rules of the Supreme Court of Arizona) 17 A.R.S.