Case Name: Lefler and Others v. Dermotte
Court: Supreme Court of Indiana
Jurisdiction: Indiana
Decision Date: 1862-05
Citations: 18 Ind. 246
Docket Number: 
Parties: Lefler and Others v. Dermotte.
Judges: 
Reporter: Indiana Reports
Volume: 18
Pages: 246–247

Head Matter:
Lefler and Others v. Dermotte.
The rate of interest allowed by law in the place where a note is made payable, may be recovered in an action here, if the law of the place of payment is properly averred and proven.
APPEAL from the Jasper Circuit Court.

Opinion:
Per Curiam.
Action by Dermotte against the appellants, to foreclose a mortgage, given to secure the payment of promissory notes, payable in the State of New York. Interest was demanded and recovered at the rate of seven per cent. The only point made in the brief of counsel for appellants, is that t'he law of Neto York, allowing interest at that rate, is not set out. The counsel is mistaken as to the averments in the complaint. It is averred that the law of New York allows interest at that rate, and the statute of that State is, in terms, set out.
David McDonald, for the appellants.
Newcomb $ Tarkington, and Stanfield § Anderson, for the appellee.
The judgment is affirmed, with costs, and 3 per cent, damages.