Hubbard v. Callahan
Supreme Court of Connecticut
Assumpsit, on the following note: “Hartford, September 2d, 1872. “One year after date I promise to pay to the order of Susan V. Hubbard, five hundred dollars, at the Hartford Trust Company, value received, with taxes, and interest at the rate of fifteen per cent, after maturity. Martin Callahan.”
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Assumpsit, on the following note: “Hartford, September 2d, 1872. “One year after date I promise to pay to the order of Susan V. Hubbard, five hundred dollars, at the Hartford Trust Company, value received, with taxes, and interest at the rate of fifteen per cent, after maturity. Martin Callahan.” The suit was brought to the City Court of the city of Hartford and tried on the general issue before Sumner, J. It was admitted that none of the principal of the note and no interest thereon had been paid, and the only question between the parties was, whether the note should draw interest after…
1Opinion of the CourtLoomis, J.
The act of July 2d, 1872, provides that, “where there is no agreement for a different rate of interest,” *527the same shall be six per cent., and that “it shall be lawful to contract for the payment and receipt of any rate of interest.” Public Acts 1872, chap. 16, p. 10.
While this act was in full force the plaintiff loaned the defendant five hundred dollars, and took his promissory note for that sum, dated September 2d, 1872, payable one year after date, “with taxes, and interest at the rate of fifteen per cent, after maturity.” And the question is, whether this was a “contract for the payment…
2Cases cited12 opinions
- Brewster v. WakefieldSupreme Court of the United States · 1860
- Selleck v. FrenchSupreme Court of Connecticut · 1814
- Brannon v. HursellMassachusetts Supreme Judicial Court · 1873
- Adams v. WaySupreme Court of Connecticut · 1866
- Wiswell v. BaxterWisconsin Supreme Court · 1866
7 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- Davis Cattle Co., Inc. v. Great Western Sugar CompanyDistrict Court, D. Colorado · 1975
- Union Estates Co. v. . Adlon Construction Co.New York Court of Appeals · 1917
- Skelly v. Bristol Savings BankSupreme Court of Connecticut · 1893
- Union Institution for Savings v. City of BostonMassachusetts Supreme Judicial Court · 1880
- Tyler v. WaddinghamSupreme Court of Connecticut · 1890
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