62 Miss. 369
Decided October 15, 1884
Mississippi Supreme Court · decided 1884-10-15
Hon. J. B. Chrisman, Judge. This action was brought on the 19th of November, 1883, before a justice of the peace to recover the balance due upon a promissory note for three hundred and eight dollars, payable on the 1st day of January, 1882, with interest at the rate of ten per cent, per annum “ after maturity until paid.” Two payments had been made on the note, on the 3d of January, 1883, aggregating one hundred and eighty-eight dollars and eighty cents.
Cited by 2 later decisions — most recently February 1958
2 state decisions
Relies on Weems v. Ventress
Cited in Ballentine's (1916)’s definition of “Maturity”
Good law ✅— No negative treatment on recordhow we know
Decided 1884-10-15
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¶1delivered the opinion of the court.
¶2On a note made payable on a certain day and bearing interest after maturity, interest begins to run on the day named, although for the purposes of suit the note does not mature until the expiration of the days of grace. Weems v. Ventress, 14 La. Ann. 267.
¶3Judgment affirmed.