Kelly v. Perseverance Building Ass'n
Kelly v. Perseverance Building Ass'n
Opinion of the Court
The opinion of the court was delivered,
The money loaned in this case was $1500, and the bond and mortgage given for it were for $2000 with interest. Suit being brought upon them in two years, the interest, if calculated according to the bond, would be 25 per cent, per annum. But this case is not included in the Act of 1859, and no interest is demanded beyond the common legal rate.
A year before the trial, the parties settled the amount due on this principle, and the defendant below agreed, in writing, that judgment should be entered against him for that amount, and hence we cannot see that there ought to have been any jury trial. This agreement made in the case concluded such a proceeding.
There is no error in the calculation; but the defendant now
Moreover, it seems to us improper that there should be an issue raised to the jury on the very means adopted by the parties to settle such issues. As well might there be such an issue on a judgment-bond or a judgment itself. Parties to such agreements ought to apply to the court to relieve them from their mistakes, if they have made any.
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.