Levering & Garrigues Co. v. Century Holding Co.

165 A.D. 174, 150 N.Y.S. 649, 1914 N.Y. App. Div. LEXIS 8553
Appellate Division of the Supreme Court of the State of New York·Decided December 18, 1914·Published·Cited by 1 cases

Opinion

Laughlin, J.:

This is an action for the foreclosure of a mechanic’s lien. The defendant the Century Holding Company was the owner of premises known as Nos. 25-33 West Forty-fifth street, borough of Manhattan, New York, and on the 28th day of May, 1912, it entered into a contract in writing with the plaintiff by which the latter agreed to provide all the materials and perform all the work for furnishing and erecting the Structural Steel Work” according to plans and specifications for the erection on the premises of a sixteen-story loft building, for the agreed price of $66,750, payable in- four installments. The defendant United States Fidelity and Guaranty Company executed as surety an undertaking on which the lien was discharged. The plaintiff substantially completed its contract; but for certain omissions the defendants were allowed $687. The plaintiff also performed extra work of the value of $2,398.48. The first two installments were paid in [176] full, and $2,159.73 was paid on account of the extra work. The plaintiff has recovered the balance of the value of the extra work, and the third and fourth installments, less the deduction allowed for uncompleted items, together with interest on the balance for extra work and on the third and fourth installments.

The only complaint made by the appellants with respect to the recovery on plaintiff’s cause of action is concerning the interest, but they contend that the owner was entitled to recover on its counterclaim, which was dismissed.

The final installment was payable sixty days after completion of the work. The court found that the work was substantially completed on the 1st day of February, 1913, but for some reason not explained and not important since the plaintiff did not appeal, the plaintiff was allowed interest on the third installment, which was payable at the date of substantial completion, only from the 28th day of February, 1913. The court found that the plaintiff had performed all the work, with the exception of the items for which an allowance has been made, on or about the 11th day of April, 1913, and that the final payment under the contract and the payment for the extra work became due on the 11th day of June, 1913, and interest thereon was allowed from that date. The learned counsel for the appellants contends that no interest should have been allowed, for the reason that by the plaintiff’s failure to complete performance of the contract in all respects the amount due the plaintiff was unliquidated. We are of opinion that this contention is sound with respect to the final payment under the contract. The owner claimed that it was entitled to an allowance on account of the items in respect to which the plaintiff failed to complete the contract for considerably more than was allowed by the court, and the plaintiff contended that the owner was not entitled to any deduction and contested the making of any allowance with respect thereto on the trial, and concerning two of the items offered evidence tending to show that the allowance should have been less than that made by the court. The plaintiff, therefore, is in no position to contend that the defendant should have known what balance was due the plaintiff on the final payment. If [177] the plaintiff and defendant had agreed with respect to the amount to be deducted, then there would be a basis for its claim for interest on the balance. The excessive interest thus recovered appears to be $499.40.

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Levering & Garrigues Co. v. Century Holding Co., 165 A.D. 174, 150 N.Y.S. 649, 1914 N.Y. App. Div. LEXIS 8553 (N.Y. Ct. App. 1914).

165 A.D. 174 (Levering & Garrigues Co. v. Century Holding Co.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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