Crane v. Goodwin
Supreme Court of Georgia
Interest and Usury. Statute of Limitations. Payment. Before Judge Harden. City Court of Savannah. May Term, 1886. To the report contained in the decision, it is necessary to add only that the case was submitted to the presiding judge without a jury. He held that the principal of the note sued on should be reduced by the payments, made, and rendered judgment for the balance without interest. The plaintiff moved for a new trial, which was refused, and he excepted.
1Opinion of the Court
Jackson, Chief Justice.
On the 14th of November, 1879, a note was made payable six- months after date, with interest at 10 per cent., upon which note were credits of interest paid amounting in all to $770.00; and if deducted from $1,400.00, the principal of the note, would leave only $630.00; if applied to interest as specified in the credits, the recovery would be for $1,400.00, the original principal sum due. The judge presiding held that the payments should be applied to the principal, and rendered judgment for six hundred and thirty dollars, principal, forfeiting interest and excess of…
2Cases cited1 opinion
- Lilly v. DeLaperiereSupreme Court of Georgia · 1886
3Cited by8 opinions
- Maynard v. MarshallSupreme Court of Georgia · 1893
- Haskins v. Bank of the StateSupreme Court of Georgia · 1897
- Reconstruction Finance Corp. v. PuckettSupreme Court of Georgia · 1935
- Long v. GreshamSupreme Court of Georgia · 1918
- Dorsey v. WestCourt of Appeals of Georgia · 1981
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