Magee v. All Terrain Contractors, Inc.

In this action for personal property foreclosure and recovery under a note, plaintiffs appeal a judgment ordering defendants to pay plaintiffs $91,387.40, together with interest at the rate of 9 percent. Plaintiffs contest the rate at which the trial court ordered interest to accrue and the court’s failure to award other requested relief. We affirm in part and reverse in part.

We review the facts de novo. ORS 19.125(3). Beginning in July 1988, plaintiffs made a number of loans to defendants, a closely-held corporation and its sole shareholders, Oscar and Viki Dyrdahl. Some of the loans were…