George W. Watkins Family v. Messenger

BOYLE, Justice.

The sole issue presented in this appeal is whether interest on a judgment accrues at the statutory rate of interest in effect at the time judgment is entered, or whether the rate of interest as thereafter amended applies to a judgment where the underlying cause of action had accrued prior to the effective date of the amended statute.

The underlying action concerned the validity of a written lease. A two-day court trial ended with the trial court finding in favor of plaintiffs-respondents Watkins and judgment was entered on May 21, 1987. Defendant-appellant Messenger appealed and…