[DOWNLOAD] "Codling V. Aztec Well Servicing Co." by New Mexico Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Codling V. Aztec Well Servicing Co.
- Author : New Mexico Court of Appeals
- Release Date : January 27, 1976
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 59 KB
Description
Plaintiff was awarded 50% partial permanent disability pursuant to the Workmen's Compensation Act. Sections 59-10-1 through 59-10-37, N.M.S.A. 1953 (2d Repl. Vol. 9, pt. 1, 1974). Subsequently, plaintiff filed a motion for "a lump sum award equal to the present value of all future payments of compensation computed at 5% discount, compounded annually" on the ground that it was in his best interest. The trial court, pursuant to § 59-10-25(B), supra, directed defendants to pay to plaintiff a lump sum award as set forth in the motion. Defendants appeal that award and as points for reversal contend: (1) § 59-10-25(B), supra, does not authorize a lump sum award in this case; and, (2) that there was not sufficient reason or need to show that it was in plaintiff's best interest to receive a lump sum award.