Case Name: James R. Newcomb v. Stuart & Mair
Court: Texas Courts of Appeals
Jurisdiction: Texas
Decision Date: 1880-06-09
Citations: 1 White & W. 32
Docket Number: No. 853, Op. Book No. 3, p. 422
Parties: James R. Newcomb v. Stuart & Mair.
Judges: 
Reporter: Condensed Reports of Decisions in Civil Causes in the Court of Appeals (White & Wilson)
Volume: 1
Pages: 32–32

Head Matter:
James R. Newcomb v. Stuart & Mair.
(No. 853, Op. Book No. 3, p. 422.)
Appeal from Bexar County.
June 9, 1880.

Opinion:
Opinion by
White, P. J.
-§72. Interest on an account. A greater amount of interest than the legal rate, eight per cent, per annum, cannot be recovered upon an account in the absence of allegation and proof of an express contract to pay a greater rate. A contract to pay more than eight per cent, per annum interest is not established by the affidavit to an account which specifies a greater rate. A party who seeks to recover upon an open account a greater rate of interest than eight per cent, per annum, must allege and prove a contract to pay such greater rate, even though the defense of usury has not been pleaded.
Reversed and remanded.