Case ID: mass_2/html/0509-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

* Lucy Greenleaf versus Elijah Kellogg. 
    
    
      (October Term, 1803,
    
      in Essex.)
    
    Upon a note payable in eight years, with interest payable annually, an action lies for the interest before the principal is payable.
    In such action, interest is allowed upon each year’s interest unpaid.
    The declaration was “ in a plea of the case for that the said Kellogg, at-on the-day of-, by his note under his hand of that date, value received, promised the said Greenleaf to pay her, or her order, 10,000 dollars in eight years from the said date, with lawful interest therefor, until the same should be paid; the said interest to be paid yearly, and at the end of each year, during said term. Now, the said Greenleaf saith that three years of the said term have long since expired, yet the said Kellogg, though requested, has never paid the interest of the said sum, or of any part thereof, for the said three years or any part thereof, but unjustly neglects and refuses so to do; to the damage,” &e.
    T. Parsons for the plaintiff.
    
      E. S. Livermore for the defendant.
    
      
       This is the case referred to by the Chief Justice in Tucker vs Randall, ante, p. 284.
    
   The defendant’s counsel stated that the defence relied on was, that no action is maintainable on such a note as this until after the principal sum should fall due. But the Court were decidedly of opinion that such a defence was insufficient, and gave judgment for the interest in arrear, and for the interest of each year’s interest, from the day it was payable to the time of rendering the judgment. 
      
      
         Hastings vs. Wiswall, 8 Mass. Rep. 455. — Cooley vs. Rose, 3 Mass. Rep. 221.— Stearns & Al. vs. Brown & Ux. 1 Pick. 350. — Barrel & Al. vs. Joy, 6 Mass. Rep. 221