Monnett v. Sturges
Monnett v. Sturges
25 Ohio St. (N.S.) 384
Monnett v. Sturges
Opinion of the Court
"We agree with the court below. The-limitation in the statute is upon the rate of interest, and not upon the periods of its payment. An agreement to pay ten per cent, per annum, semi-annually, is not an agreement to-pay more than at the rate of ten per cent, per annum. This is well-settled law in Ohio. It is equally well settled that a contract to pay a specified rate of interest, is a contract to-pay interest at that rate until the principal debt is paid, and not merely for the time the note is to run.
Motion overruled.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.