Legal Opinion

Royal Insurance v. Atlantic Coast Line Railroad

Supreme Court of North Carolina

Decided March 26, 1930Published

1Opinion of the Court

PLAINTIFFS'" Appeal.

Stacy, C. J.

Tbe plaintiffs present tbe single question as to whether they are entitled, as a matter of right, to interest on tbe amount of damages assessed from tbe date of tbe destruction of tbe property? We think not, for, under tbe decisions in this jurisdiction, tbe allowance of interest in such cases rests in tbe sound discretion of tbe jury.

Tbe case was tried upon tbe theory that tbe plaintiffs, as subrogees, were entitled to recover, if entitled to recover at all, the fair market value of tbe cotton at tbe time and place of its destruction, plus interest thereon, if…

2Cases cited15 opinions

  1. Memphis & Little Rock Railroad v. DowSupreme Court of the United States · 1887
  2. Wilson v. . City of TroyNew York Court of Appeals · 1892
  3. Lance v. Butler.Supreme Court of North Carolina · 1904
  4. Williams v. Crosby Lumber Co.Supreme Court of North Carolina · 1896
  5. Stephens v. . KoonceSupreme Court of North Carolina · 1889

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