¶1Interest must be decreed according to the contract of the parties, until the contract ceases to operate, by being merged in the decree.
¶2Six per cent, only, is, therefore, to be allowed up to the time of confirmation of the Master’s report.
4 Johns. Ch. 436
Miller v. Burroughs
Decided June 22, 1820
New York Court of Chancery · decided 1820-06-22
IN the bond, for which the mortgage in this case was taken as security, the interest was expressed to be at six per cent per annum. The day of payment having passed, the bond and mortgage became forfeited. The question was, whether the plaintiffs were not entitled to seven per cent, interest, being the lawful interest, from the time of the forfeiture.
Good law ✅— No negative treatment on recordhow we know
Decided 1820-06-22
How this case has been cited
Cited by 6 later decisions — most recently November 1906
6 state decisions
Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.
View the full empirical analysis of this case →