Jones v. Galigher

9 Utah 126

• Court: Utah Supreme Court
• Decided: June 15, 1893
• Status: Published

Opinion

MINER, J.:

This action was brought to recover a balance ■ due the plaintiff on account current for money advanced for the use of the defendant, and for commissions as a broker. The case was tried in the district court, and judgment rendered in favor of the plaintiff for the sum of $3,431.18, principal and interest. From this judgment an appeal is taken to this court.

The principal ■ errors complained of, and the only errors we deem it necessary to consider, are those found in the computation of interest on the balance found due the plaintiff August 1, 1878. In making up the account of the plaintiff against' Galigher, which 'on January 2, 1879, amounted to $11,946.53, the sum of $661.08 is erroneously computed as interest on the monthly account computed Avith monthly rests. We find no sufficient evidence in the record justifying the making of this monthly computation of interest, and do not think it should be so computed. Computing'interest on the August balance of $9,471.70 to November 13, 1878, would make $270.93, which, added to the balance of the Galigher account, would reduce his debit to $11,412.20. Galigher's credit, as shown by the account in proof, amounts to $6,214.25; Galigher admitted counterclaim, $1,110; admitted damage on Bonanza, $3,347.25; total, $10,671.50, — leaving a balance due plaintiff November 13, 1878, of $740.70. Computing interest on this sum to the date of judgment, — 11 years, 5 months, 24 days, — $846.81, this leaves due the plaintiff the sum of $1,587.51, for which sum judgment should have been rendered in his favor. The judgment as rendered is $843.67 in excess of plaintiff's claim, and should be modified and reduced to the .sum of $1,587.51, and, as thus modified and reduced, the judgment of the district court stands affirmed, with costs of this court to the appellant. Plaintiff is awarded costs of the lower court.

Bajiici-i J., and Smith, J., concurred.