Aguirre v. Packard

Citations

• 14 Cal. 171

Syllabus

<p>Interest follows a contract, according to the law in existence at the time and place of the contract, or of the performance of it. A subsequent change in the legal rate of interest does not affect the contract.</p> <p>It is error to charge six per cent, interest on a contract made before the passage of our statute as to interest, up to the date of the statute, and ten per cent, afterward.</p> <p>Where the account presented to an administrator for allowance contains no item for interest, and the face of the paper does not show that interest results necessarily from the facts stated as constituting the claim, interest is not recoverable.</p>