¶1The defendant took benefit of this money in his settlement with the pay table; the cause was defaulted, and heard in damages: The court reduced the note and the indorsements upon it by the scale at their respective dates, into lawful money, and gave judgment for the balance, with the lawful interest — for the resolve of assembly is that interest shall be allowed upon money thus loaned. This judgment was affirmed in the Supreme Court of Errors.
1 Root 412
Dyer v. Elderkin
Decided March 15, 1792
Supreme Court of Connecticut · decided 1792-03-15
<p>The court will give interest upon a note not expressed to be on interest, under certain circumstances where equity requires it.</p>
Decided 1792-03-15