Clark v. Dunnam

Citations

• 46 Cal. 204
• 1873 Cal. LEXIS 159

Syllabus

<p>Interest on Judgments.—Under the first section of the Act of March 30th, 1868, regulating the rate of interest, all final money judgments, whether for money lent or otherwise, bear interest at the rate of seven per cent per annum.</p> <p>Interest ox Judgment between Copartners.— If a judgment be rendered in an action brought by one partner against Ms copartners, dissolving the partnership, and directing a sale to be made of the partnership property and a division of the proceeds—first, to the payment of costs ; second, to the payment of an amount found due to the plaintiff from the partnership, and the balance to be distributed among the partners—the Sheriff, in making the distribution, must pay legal interest on the amount found due to the plaintiff.</p> <p>Final Judgment.— A judgment dissolving a partnership and directing a sale of the partnership property and a division of the proceeds, is a final judgment.</p> <p>Modification of Judgment by Supreme Court. — An order of the Supireme Court, modifying a judgment from which an-appeal has been taken, by reducing its amount, does not set it aside so as to prevent it from drawing interest from the time it was rendered by the Court below.</p>