Lane Construction Corp. v. Trading Merchandising Co.
Stafford County Circuit Court
1Opinion of the Court
By Judge James W. Haley, Jr.
The issues here for resolution are the propriety of an award of attorney fees and/or pre-judgment interest, and if either or both, the amount of those fees and the rate of that interest.
On April 29,1993, Virginia Paving entered into a written contract with TMC, Inc., to pave a parking lot for the latter. The contract price was $16,000. The contract contained the following provisions.
Terms: net 30 days. A late payment charge of 1.5% per month (18% per annum) from the date of the invoice will be added to all unpaid balances over 30 days, but not to exceed the legal…
2Cases cited13 opinions
- Mullins v. Richlands National BankSupreme Court of Virginia · 1991
- Tazewell Oil Co. v. United Virginia Bank/Crestar BankSupreme Court of Virginia · 1992
- County of Campbell v. HowardSupreme Court of Virginia · 1922
- RF & P CORP. v. LittleSupreme Court of Virginia · 1994
- Antonelli v. AntonelliSupreme Court of Virginia · 1991
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3Cited by1 opinion
- Plantation House, L.P. v. Anderson & Strudwick, Inc.Richmond County Circuit Court · 1998