Newsom v. Tampa Ship Building & Engineering Co.
Cases that cite this one
1 later published case cites this decision.
- Duncan v. Cady (Fla. 1933)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
On consideration of petition for rehearing, the Court finds that the decree of the chancellor should *1180 be modified to eliminate therefrom the item of $488.88, interest which was claimed as having accrued on a deposit in escrow. An escrow holder is not required to pay interest on funds which are held in trust by such escrow holder under an escrow agreement.
The judgment heretofore entered by this Court affirming the order of the chancellor is hereby modified to read as follows:
The decree of the chancellor is affirmed, except as to the item of $488.88 allowed as interest on the escrow deposit of $10,000.00 and the chancellor is directed to reform the decree in accordance with this judgment and thereupon, the remainder of the decree shall stand affirmed. . Costs of this appeal should be taxed against the appellee.
Affirfhed in part and remanded.
Petition for rehearing denied.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.