Pringle-Associated Mortgage Corporation v. Cox

TATE, Justice.

The narrow question before us is whether the court of appeal correctly amended the trial court judgment as to the principal amount upon which interest is to be calculated. 1

The court of appeal decision contains a complete summary of the context, circumstances and citation of thé extensive litigation involving the construction project out of which this suit arises. 234 So. 2d 855 (La.App. 1st Cir. 1970). For present purposes, it is sufficient to state the relevant facts as these:

The plaintiff (“Pringle”) had foreclosed its mortgage upon an uncompleted apartment building. It sold…