What is a “Liquidated Claim?
” A claim is liquidated if the evidence furnishes data from which it is possible to compute the amount with exactness. Tort Claims Prejudgment interest is awardable as a matter of right in the case of a liquidated tort claim, even if a good faith dispute over liability exists. Uncertainty as to liability does not bar recovery of pre-judgment interest on a liquidated claim. Legal Rate of Interest In Arizona, the legal rate of interest on a judgment is ten percent (10%) per annum, unless the parties have agreed in a contract to a different rate of interest. Demand for Interest Since prejudgment interest accrues from the date of demand, many Arizona creditors make a point to put their demand for payment in a writing which reflects the date of demand. For help with Arizona legal matters involving interest, contact us.
