Ehrhardt v. Varn

Citations

• 51 S.C. 550
• 29 S.E. 225
• 1898 S.C. LEXIS 31

Syllabus

<p>1. Bonds and Notes. — A bond executed December, 1887, conditioned “with interest from date at ten percent, until January 1, 1890, interest to be paid annually,” draws interest after maturity at seven per cent.</p> <p>2. INTEREST — -Usury.—One suing on a contract not usurious in its inception may incur the penally of forfeiture of all interest and costs, under Rev. Stat., 1390, 1391, by subsequently charging and receiving thereon interest at a greater rate than allowed by law.</p>