Bauer Development Co. v. Nu-West, Inc.
Colorado Court of Appeals
1Opinion of the Court
TURSI, Judge.
Defendant, Nu-West, Inc., appeals a judgment which returned to plaintiff, Bauer Development Co., a portion of the default interest plaintiff paid to cure its default under a promissory note and deed of trust. We affirm.
Nu-West sold land to Bauer. In connection with this sale Nu-West took back a promissory note and deed of trust. The note was for a two-year term, with interest only payable quarterly in advance, and principal due on maturity of the note. The note contained an optional acceleration provision, and provided for default interest of 26% per annum. As a condition…
2Cases cited9 opinions
- Spires v. LawlessMissouri Court of Appeals · 1973
- Perl-Mack Enterprises Co. v. City & County of DenverSupreme Court of Colorado · 1977
- Trigg v. ArnottCalifornia Court of Appeal · 1937
- Wentland v. StewartSupreme Court of Iowa · 1945
- Littlehorn v. StratfordSupreme Court of Colorado · 1982
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