Lex loci contractus vs. lex loci solutionis
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 38 U.S. 65 - Andrews v. Pond · 1839Most cited · 158 citing opinions
The general principle in relation to contracts made in one place to be executed in another, is well settled. They are to be governed by the law of the place of performance—and if the interest allowed by the laws of the place of performance, is higher than that permitted at the place of the contract, the parties may stipulate for the higher interest, without incurring the penalties of usury.