Legal Opinion
MacAl v. Stinson
Supreme Court of Iowa
Decided April 17, 1991No. 90-214PublishedCited by 16 opinions
1Opinion of the Court
HARRIS, Justice.
This appeal presents a narrow issue on the interest to be allowed upon a breach of contract award. We agree with the district court that only statutory interest is appropriate. We therefore vacate a decision of the court of appeals which also awarded other interest as consequential damages.
In 1984 plaintiffs, Leonard and Doris Ma-cal, sold their 264-acre farm at auction. It was offered in three parcels. Defendants, Maynard and Ellen Stinson, successfully bid $74,200 on one of them, a fifty-three-acre tract. A written contract was signed which acknowledged receipt of ten…
2Cases cited10 opinions
- RET Corp. v. Frank Paxton Co., Inc.Supreme Court of Iowa · 1983
- DeWaay v. MuhrSupreme Court of Iowa · 1968
- Nachazel v. Miraco Mfg.Supreme Court of Iowa · 1988
- Drovers Bank of Chicago v. National Bank and Trust Company of CharitonCourt of Appeals for the Eighth Circuit · 1987
- Gordon v. PfabSupreme Court of Iowa · 1976
5 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Ducheneaux v. MillerSouth Dakota Supreme Court · 1992
- Mash v. CutlerSouth Dakota Supreme Court · 1992
- Flom v. StahlySupreme Court of Iowa · 1997
- White v. Northwestern Bell Telephone Co.Supreme Court of Iowa · 1994
- City of Dubuque v. Iowa TrustSupreme Court of Iowa · 1994
11 more not listed; retrieve them via the Exa API.