Sage Street Associates v. Northdale Construction Co.

OPINION

DOGGETT, Justice.

This construction contract dispute involves multiple issues regarding damages under the agreement and whether the anti-usury provision of the Texas Constitution, article XVI, section 11, applies to the rate of judicially ordered prejudgment interest.

I

In a judgment awarding Northdale Construction Company damages against Sage Street Associates arising from breach of a construction contract, the trial court provided for six percent (6%) prejudgment interest. In its affirmance, the court of appeals reformed the judgment to reflect prejudgment interest of ten percent (10%).…