Case ID: ky-op_11/html/0102-01.html
Source: Caselaw Access Project
Author: {"author": "Judge Pryor:", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

C. F. Cunningham v. William Carrico.
    [Abstract Kentucky Law Reporter, Vol. 2-310.]
    Interest on Note.
    The contract expressed in a note dated and payable twelve months-after date, with ten per cent, interest per annum, is a contract to pay interest at the named rate for twelve niQnths from date, but not to pay such interest until paid.
    APPEAL FROM WASHINGTON CIRCUIT COURT.
    
      W. C. McChord, for appellant.
    
    
      R. I. Browne, for appellee.
    
    March 10, 1881.
   Opinion by

Judge Pryor:

The recital in the note as to the interest was evidently intended to indicate the interest the note should bear from date until its maturity. The note is dated the 6th of January, 1876, and payable twelve months after date with ten per cent, interest per annum.' This is a contract to pay in- twelve months $428, with ten per cent, interest from date, not until paid, but until the maturity of the note. The identical question was settled by this court in Rilling v. Thompson, 12 Bush (Ky.) 310.

Judgment' reversed and cause remanded for further proceedings.