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A & E INT'L ENTER., INC. v. GOLD CREDIT CO.

No. 83-2610.

450 So.2d 1166 (1984)

A & E INTERNATIONAL ENTERPRISES, INC., Appellant, v. GOLD CREDIT COMPANY, Appellee.

District Court of Appeal of Florida, Third District.

As Amended on Denial of Rehearing June 19, 1984.

Attorney(s) appearing for the Case

Taylor, Brion, Buker & Green and Arnoldo Velez, Miami, for appellant.

Stroock & Stroock & Lavan and Gary A. Dumas, for appellee.

Before HUBBART, FERGUSON and JORGENSON, JJ.

FERGUSON, Judge.

As to an award of attorney's fees to a prevailing party pursuant to the provisions of an instrument sued upon (wherein it is agreed that "a reasonable attorney's fee shall be ten (10%) percent of the original principle amount"), Section 687.06, Florida Statutes (1983)1 creates a conclusive presumption that the award is reasonable so long as the amount of the fee does not exceed ten percent of the principal amount of the...

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