Palmcroft Development Co. v. City of Phoenix

— The appellant has filed a motion in which we are asked to modify the direction for judgment in its favor so as to give it interest at the legal rate of 6 per cent, from the date the debt became due and payable, or at least from the date of the entry of judgment. The appellee city, although served with copy of the motion, does not resist it. The judgment therefore will be modified so as to allow interest at the legal rate of 6 per cent, from the date that the different loans became due and payable to the plaintiff and his assignors.

The contract stipulated that the loans were made to be…