Case ID: ky-op_9/html/0114-01.html
Source: Caselaw Access Project
Author: {"author": "Judge Cofer :", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

H. S. Goar, et al., v. Louisville Bank Co.
    Interest — Interest on Replevin Bond.
    When a judgment drawing ten per cent, interest is replevied, tbe replevin bond may be legally taken drawing tbe same rate of interest.
    
      APPEAL FROM JEFFERSON COURT OF COMMON PLEAS.
    September 8, 1876.
    
      Russell & Helm, for appellants.
    
    
      Barnett Noble, for appellee.
    
   Opinion by

Judge Cofer :

The only question in this case is whether, if a judgment bearing interest at the rate of ten per cent, per annum be replevied, the replevy bond may be legally taken bearing ten per cent. That it can is, we think, free from doubt.

It is said the judgment is satisfied by the replevy bond. This is true, but the debt is not paid. The replevy bond is but a new evidence of the debt which was evidenced by the judgment replevied. By the terms of the judgment the appellee was entitled to interest at the rate of ten per cent, until paid. The right to replevy was a right to postpone the day of payment by giving a replevy bond which would become a judgment at maturity, but gave no right to change the rate of interest which by the terms of the judgment was ten per cent, until paid.

The judgment must be affirmed.