Noe v. City of Chicago

On March 26, 1968, the circuit court of Cook County entered judgment in the amount of $1750 for the plaintiff, Rose Noe, against the City of Chicago, the defendant, for personal injuries. Effective August 29, 1969, section 3 of the Interest Act was amended to increase the interest rate on outstanding judgments from 5% to 6%. (Public Act 76-1166, Ill. Rev. Stat. 1971, ch. 74, par. 3.) The City of Chicago in August 1970 tendered the amount of the judgment together with interest accrued to that date at the rate of 5%, and, when the tender was rejected, refused the plaintiff’s demand for interest…