Paradise Homes, Inc. v. Central Surety and Ins. Corp.

OPINION

By the Court,

Collins, J.:

This is a contract action. The only issue with which we are concerned on appeal involves the question of interest. The trial court limited the recovery of interest to the time of judgment. We conclude that to be error, reverse the order and remand with direction.

Paradise Homes entered into a subcontract with Jamieson Drywall and Paint Company, a partnership, wherein Jamieson agreed to perform labor and supply material to Paradise valued at $133,800. Central Surety provided a performance bond for Jamieson.

Jamieson experienced difficulty in performing its…