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eBook details

• Title: Stoor's Inc. v. Idaho Department Parks and
• Author : Supreme Court of Idaho No. 17869
• Release Date : January 28, 1990
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 68 KB

Description

This appeal raises the question whether prejudgment interest was properly awarded to the plaintiffs-respondents, the Stoors.
We hold that it was not, because the principal amount of liability had not been judicially reduced to a liquidated amount.
Therefore, prejudgment interest was not ascertainable by simple mathematical computation, because no such interest would accrue
until there was a sum certain against which interest could accrue. The Department of Parks and Recreation had a lease agreement with Mr. Stoor. This agreement granted Mr. Stoor the right to
construct and operate concessions at the Spring Shores Marina for a term of years. Mr. Stoor was also given the right to accept
any new lease proposed by the Department before others would be given the chance to bid for the new lease. If Mr. Stoor did
not accept the new lease, then he had the option of removing his concessions from the Marina, or selling the property (i.e.,
the equipment, buildings, etc.) to the new lessee. If Mr. Stoor chose to sell his property, he was bound by this provision
of the lease he signed with the Department:

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