Ashford v. Traylor

1. The rule of law permitting interest on past-due interest on a note which called for the payment of the principal at a fixed time, and the payment of interest at fixed times during the period that the principal is to run (Union Savings Bank v. Dottenheim, 107 Ga. 606, 614, 34 S. E. 217; Ray v. Pease, 97 Ga. 618, 25 S. E. 360; Scott v. Liddell, 98 Ga. 24, 29, 25 S. E. 935; Hadden v. Larned, 87 Ga. 634, 642, 13 S. E. 806; Butler v. First National Bank, 13 Ga. App. 35 (5), 78 S. E. 772), does not, in the absence of some express provision to the contrary, have application after the maturity of…