Sunwest Bank of Albuquerque, N.A. v. Colucci

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• discussing purpose and effect of awarding prejudgment interest under Section 56-8-3
• “Section 56-8-4(B) helps ease the burden on our crowded court system by fostering settlement and preventing delay.”
• Prejudgment interest under Section 56-8-3 is “to compensate a claimant for the lost opportunity to use money owed the claimant and retained by the obligor between the time the claimant’s claim accrues and the time of judgment.”
• “Postjudgment interest on judgments and decrees for payment of money is mandatory and accrues at the statutory rate from the date of entry of judgment, unless the judgment is based on a written instrument bearing a different rate.”

Source: CourtListener parenthetical corpus (CC0).