Landmark Health Care Associates L.P.-1989-A v. Bradbury

ON PETITION TO TRANSFER

SELBY, Justice.

Two questions are involved in this appeal: (1) whether summary judgment is appropriate in this case, and (2) whether the trial court abused its discretion by ordering the defendant to pay a judgment which included an interest rate in excess of the statutory rate. We affirm the trial court's grant of summary judgment, but we remand for modification due to the imposition of an excessive interest rate.

FACTS

In September 1988, Landmark Health Care Associates ("Landmark") executed an agreement with Prairie View Rest Home, Inc. ("Prairie View") to purchase the…