Clark v. Dutton

Citations

• 69 Ill. 521

Syllabus

<p>1. Interest—liquidated account. If a party receives notes, property and cash, for which he agrees to execute his promissory note in a given sum to the party letting him have the same, this will make the account or debt a liquidated one, and interest is recoverable upon the debt, under the statute.</p> <p>2. Debt—when liquidated. A debt is liquidated when it is certain what is due and how much is due. Although it ma)'- appear that something is due, if it does not also appear how much is due, the debt is not liquidated. An unliquidated debt is one which one of the parties can not alone render certain.</p>