Steve Rossa, Plaintiffs and Respondents v. D.l. Falk Construction, Inc., Defendant and Appellant

Summary

The court held that appellate cost rules do not permit a successful appellant to recover interest and related fees incurred to borrow funds used to secure a letter of credit for an appeal bond. Applying a strict construction of cost provisions and the rule's context, the court limited recoverable letter-of-credit costs to direct charges imposed for obtaining the letter of credit. The court also disapproved the contrary holding concerning interest incurred for a deposit made in lieu of a bond and affirmed the Court of Appeal.