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DIKEOU v. DIKEOU

No. 95SC699.

928 P.2d 1286 (1996)

Lucy S. DIKEOU, Petitioner, v. John P. DIKEOU, Respondent.

Supreme Court of Colorado, En Banc.

Rehearing Denied January 13, 1997.

Attorney(s) appearing for the Case

McKenna & Cuneo, L.L.P., Daniel S. Hoffman, Scott S. Evans, Denver, for Petitioner.

Lance P. Vanzant, Denver, for Respondent.

Justice MULLARKEY delivered the Opinion of the Court.

We granted certiorari to review the court of appeals' decision in Dikeou v. Dikeou, 916 P.2d 601 (Colo.App.1995).1 The court of appeals held that late charges of a set dollar amount per day which were provided in a contract for a nonconsumer loan secured by a promissory note were impermissible penalties that are unenforceable under Colorado law...

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