Hoyle v. Page
Michigan Supreme Court
Appeal from Jackson. Foreclosure. Defendants appeal.
1Opinion of the CourtCooley, J.
The questions involved in this case are questions of compound interest.
The suit is to enforce the payment of two obligations, by the first of which the obligor promises to pay “fourteen hundred dollars on or before ten years from date, with annual interest at the rate of ten per cent, per annum, and in case said interest is not paid at the end of each year, it is expressly agreed that said interest shall become principal and draw interest at the rate aforesaid,” &c. This was dated May 23, 1868.
At the date of this obligation there was no statute in this State expressly providing for the…
2Cases cited14 opinions
- Young v. . HillNew York Court of Appeals · 1876
- Russell v. Smith ex rel. PrinceTennessee Supreme Court · 1848
- State of Connecticut v.JacksonNew York Court of Chancery · 1814
- Stewart v. . PetreeNew York Court of Appeals · 1874
- Hastings v. WiswallMassachusetts Supreme Judicial Court · 1812
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3Cited by6 opinions
- Stanford v. CoramMontana Supreme Court · 1902
- Gay v. BerkeyMichigan Supreme Court · 1904
- Grigg v. Robinson Furniture Co.Michigan Court of Appeals · 1977
- Rouse v. JenningsMichigan Supreme Court · 1933
- Voigt v. BellerMichigan Supreme Court · 1885
1 more not listed; retrieve them via the Exa API.