Myrick v. Battle
Supreme Court of Florida
Appeal from Jackson Circuit Court. This was an action of assumpsit, instituted by Battle against Myrick, on a promissory note dated 14th March, 1844, and payable one day after date. On the day following, to-wit: on the 15th March, 1844, by act of the Legislature, the rate of interest was reduced from eight to six per cent. The Court below ruled that interest on the note should be calculated at the rate of eight pep cent., from which the defendant appealed,
1Opinion of the Court
SEMMES, J.:
The only question presented by the record in this case is, the rate of interest which sliould bo allowed on the note ;.yed on.
*349The note of the Appellant is elated the 14th of March, 1844, and payable one day after date. At the date of the note, our statute provided that where no rate of interest was expressed in the contract, no higher rate than eight per cent, should be charged. Duval, 78, § 1. On the day after the execution of the note, this statute was altered, reducing the rate of interest to six per cent.' per annum. Thomp. Dig., 234.
It is contended, that inasmuch as the law…
2Cited by8 opinions
- Holland v. GrossSupreme Court of Florida · 1956
- Bennett v. WilliamsSupreme Court of Florida · 1941
- Yaffee v. International CompanySupreme Court of Florida · 1955
- Glades County, Fla. v. KurtzCourt of Appeals for the Fifth Circuit · 1939
- Bd. of Public Instruction v. WrightSupreme Court of Florida · 1955
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