Court Opinion

ID: 9717678
Source: CourtListenerOpinion
Date Created: 2023-08-26 07:08:33.433767+00
Date Added: 2024-06-11T18:23:54.680694
License: Public Domain

Supplemental Opinion on Denial of Rehearing JUSTICE MEJDA delivered the opinion of the court: Plaintiffs have filed a petition for rehearing contending that the money judgment awarded herein should be further modified to include interest on two unpaid loans, computed to the date of judgment. The subject loans are the $50,000 loan made by Christine to Sims in 1968 and the $100,000 loan made by her to Sims in 1970.  We have carefully reviewed the relevant portions of the record, and we find that the evidence presented does not support the claim for additional interest on these two loans. Plaintiffs refer us to no facts or evidence in the record, other than Sims’ general statement that he owed these loans “and accrued interest,” which would indicate that Christine is entitled interest beyond the $18,825.25 accruing on the amount loaned to Sims for the purpose of investment in THI. With respect to the $100,000 loan, the fact that Sims loaned this amount to THI at an interest rate of prime plus 1/4% does not require us to fix the rate of interest payable on the note from Sims to Christine at the same rate. These were separate transactions between separate parties. The note evidencing.the subject loan was not produced at trial, nor does the record disclose the existence of any terms requiring the payment of interest on this note. There being no evidence to support the claim for interest beyond that awarded in our modified judgment, we adhere to our original opinion. Accordingly, the plaintiffs’ petition for rehearing is denied. LORENZ and WILSON, JJ., concur.