Dunne v. Mastick

Citations

• 50 Cal. 244
• 1875 Cal. LEXIS 135

Syllabus

<p>Power of Legislature over Interest.—The Legislature has the power to impose on debtors the obligation of paying interest after the passage of the act, on debts already due, and the act is not retrospective.</p> <p>Interest on Legacies.—The Probate Act, prior to the adoption of the Civil Code, did not allow interest on a general legacy, payable in money.</p> <p>Idem.—A legacy which was due when the sections of the Civil Code allowing interest on legacies went into effect, drew interest from that time - forward.</p> <p>Act of 1850 concerning Interest.—The act of 1850, “ to regulate interest on money,” prohibited interest when not provided for by written contract, except in the cases therein specified.</p>