Citation Numbers: 49 Ill. 142
Judges: Lawrence
Filed Date: 9/15/1868
Status: Precedential
Modified Date: 10/18/2024
delivered the opinion of the Court:
The judgment must be reversed in this case, because it is for too large a sum. The jury evidently allowed interest at the rate of ten per cent, on the money borrowed. For this there was no warrant, as there had been no contract in regard to the rate of interest, and in such cases the legal rate is six per cent.
The judgment must be reversed and the cause remanded-
Judgment reversed.