Bledsoe v. . Nixon .
Supreme Court of North Carolina
This is the same with the case immediately preceding it. The following is the written agreement referred to: “This agreement made and entered into this 27th day of January, A. D. 1852, between M. A. Bledsoe and Jere.
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This is the same with the case immediately preceding it. The following is the written agreement referred to: “This agreement made and entered into this 27th day of January, A. D. 1852, between M. A. Bledsoe and Jere. Nixon, both of the city of Raleigh, witnesseth that the said Bledsoe for and in consideration of the sum of eighteen dollars and fifty cents per acre has bargained and sold to the said Nixon and his heirs, a certain tract or parcel of land lying in the-county of Wake, on both sides of the Wild-cat branch, and bounded as follows: (Here the boundaries are giving.) And it is hereby…
1Opinion of the CourtPearson, C. J.
Interest is the price agreed, to be paid for the use of money. Rent is the price agreed to be paid for the use of land. Hire is the price agreed to be paid for the-use of a horse or other article of personal property.
Call it interest, rent or hire, it becomes a debt at the time the party promised to pay it, and from that time he is using the money of the creditor or of the landlord or of the bailor,, and ought to pay for the use of it, unless he be allowed to take advantage of his own wrong in not making payment, at the day., A lessee is to pay $100 a year rent, payable on the first day of…
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- Blake v. YountWashington Supreme Court · 1906
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