CPLR Art 50 Volume 1 Flashcards
5001- Interest to verdict, report or decision+
This section affects _______ and _______ Cases only
Contracts ……. Real Property
5001- Interest to verdict, report or decision+
- This is when interest is computed from the ___________ date the cause of action existed up to the verdict.
- Such date shall be specified in the verdict or decision.
- If the jury does not specify the date, the court upon motion shall fix the date except when the date is certain and not in dispute it may be fixed by the ______________.
- The amount of interest SHALL be computed by the clerk of the court to the date the verdict was rendered and included in the ___________ awarded
earliest ascertainable…… clerk of the court……. total sum
5002- Interest from verdict
- This is interest that shall be recovered upon a total sum awarded from the date of the ________ or _________ to the date of the entry of the final judgment.
- The amount of interest SHALL be computed by the _________ and included in the judgment
Verdict……… decision……. clerk of the court
5003- Interest Upon Judgment
- This section applies to every __________ issued by the Court
- Every money judgment shall bear interest from the date of its ________ and every order directing payment of money bears interest from the date it was ____________
Money Judgment ………. entry ……… docketed
5003a- Prompt Payment Following Settlement+
Prompt payments are expected after a matter has been settled within __________ after the plaintiff delivers a duly executed release and stipulation discontinuing the action
TWENTY ONE (21)DAYS
5003a- Prompt Payment Following Settlement+
When the defendant expected to pay is a municipality, then payment shall take place within __________ after the plaintiff delivers a duly executed release and stipulation discontinuing the action
NINETY(90)DAYS
5003a- Prompt Payment Following Settlement+
Payment shall also be made within _______________ when the defendant is the State from the day the _________ receives all papers required by him
NINETY(90)DAYS……comptroller
5003a- Prompt Payment Following Settlement+
- The provisions of this paragraph do not apply to insurance companies that insure municipalities, subdivisions of municipalities, the state, an officer or employee of the state entitled to indemnification or public corporations that are not indemnified by the state.
- The ___________ period applies to them.
twenty-one (21) day
5003a- Prompt Payment Following Settlement+
If the defendant fails to promptly pay all sums required, a money judgment can be entered against them without _________ .
further notice
NEW 5003-b. Nondisclosure agreements. (I would know this. It’s ripe for a question)
(Bard) For any claim or cause of action arising from ____________ , employers cannot include a term or condition of confidentiality in a settlement agreement that prevents the disclosure of the underlying facts and circumstances of the discrimination claim unless such confidentiality is the PLAINTIFF’S preference.
discrimination
NEW 5003-b. Nondisclosure agreements. (I would know this. It’s ripe for a question)
- Any such term or condition of confidentiality MUST be provided to all parties, and the plaintiff shall have ____________ to consider such term or condition.
- If after ___________ such term or condition is the plaintiff’s preference, such preference shall be memorialized in an agreement signed by all parties.
TWENTY-ONE (21) DAYS …………TWENTY-ONE (21) DAYS
NEW 5003-b. Nondisclosure agreements. (I would know this. It’s ripe for a question)
For a period of at least ____________ following the execution of such agreement, the plaintiff MAY revoke the agreement, and the agreement shall not become effective or be enforceable until such revocation period has expired.
SEVEN (7) DAYS
NEW 5004. Rate of interest. KNOW THIS!+
Interest shall be at the rate of ______________ per annum, except where otherwise provided by statute
nine percent
NEW 5004. Rate of interest. KNOW THIS!+
The annual rate of interest to be paid in an action arising out of a consumer debt where a natural person is a defendant shall be ______________ PER ANNUM.
TWO PERCENT (2%)
NEW 5004. Rate of interest. KNOW THIS!+
The new interest rates will apply to consumer debt judgments ____________ on or after January 1, 2022, and to __________ of judgments entered before January 1, 2022.
Entered…….. unpaid portions