Appellant-defendant Gold Kist Peanuts (Gold Kist) is in the business of buying peanuts for processing and resale. Appellee-plaintiff Alberson d/b/a Sycamore Peanut and Grain (Alberson) contracted to serve as a peanut agent for Gold Kist. In that capacity, Alberson bought peanuts from nearby producers, paying for them with drafts drawn on Gold Kist, and then storing the peanuts until Gold Kist called for them. Under the contract between the parties, it was anticipated that the weight and grade of the peanuts would be calculated at least once and possibly twice. The first weighing and grading occurred when Alberson bought the peanuts (the “in-grade”) and the calculation as to each load was used to determine the price that Alberson should pay for the peanuts. The second calculation (the “out-grade”) was not specifically required but, if it took place, it occurred when Gold Kist took possession of the peanuts and was used to ascertain their dollar value upon receipt. The contract provided for an allowable dollar-value discrepancy of a specified percentage between the “in-grade” and the “out-grade.” The contract further provided that any discrepancy in excess of that percentage would result in an assessment by Gold Kist against Alberson’s commission.
After the 1981 crop year, assuming that Alberson had fully earned his commission under the terms of the contract, it is undisputed that Gold Kist owed him a final payment totaling $20,165.50.
1. The first enumeration urges that the trial court erroneously denied Gold Kist’s motion for a directed verdict. On appeal, the evidence must be construed to uphold the jury’s verdict, and the sole question for determination is whether there is any evidence to authorize the verdict.
Reed v. Wilson,
2. In his complaint, Alberson included a demand for “[i]nterest on sums owed from June 23, 1982. . . .” Prior to the submission of
Gold Kist first asserts that no pre-judgment interest .was authorized because Alberson’s claim was not liquidated. See OCGA § 7-4-15;
Marathon Oil Co. v. Hollis,
Gold Kist further asserts that the trial court erred in determining that OCGA § 7-4-16 was the applicable statutory provision as to the allowable rate of pre-judgment interest. As indicated, the trial court’s determination of the allowable interest was made pursuant to the broad stipulation of the parties’ attorneys. However, notwithstanding the seeming breadth of the stipulation, it cannot be construed in such a manner as to “fix or change the law. [Cits.]”
Heavey v. Security Mgt. Co.,
3. Alberson’s motion for an assessment of damages for frivolous appeal is denied.
4. The judgment is affirmed with direction that the existing amount of pre-judgment interest be stricken therefrom and that the amount of pre-judgment interest awarded be recalculated at the rate of 7 percent of the liquidated principal amount.
Judgment affirmed with direction.
