Farley v. Fischer

Defendant appeals as of right from

an order granting plaintiff 8% interest on the principal sum of $20,000 owed plaintiff by defendant under the property settlement provisions of a divorce decree. Defendant also appeals the imposition of 12% judgment interest. We reverse in part and affirm in part.

The parties to this action were divorced on January 29, 1981. According to the provisions of a property settlement agreement negotiated between the parties and approved by the trial court, plaintiff (defendant in the divorce action) quit-claimed to defendant his interest in the marital property. In…