Kohler v. Smith
Kohler v. Smith
Opinion of the Court
delivered the opinion of the Court • with which Murray, Chief Justice, concurred.
The appellant complains, that he was charged with interest upon his note at the rate of five per cent, a month after it became due; and contends that his contract was only for that rate from the time he made the note up to its maturity; the act of 1850 gives interest at the rate of 10 per cent, a year for all moneys after they become due,—“where there is no.express contract in writing fixing a different rate of interest.”
This language is very explicit, and shows that the intention of the act was two-fold; first, that money demands after maturity should draw interest; and second, that they should draw interest
The other point made cannot properly be considered. It relates to the effect which the decision below has on the interest of a third party, who is not a party to the suit, nor in any manner before the Court.
The judgment is affirmed with costs. .
Reference
- Full Case Name
- HENRY KOHLER v. JOHN G. SMITH
- Cited By
- 14 cases
- Status
- Published