Birchard v. Estate of Knapp
Supreme Court of Vermont
Appeal from the disallowance by commissioners of the plaintiff’s claim against the estate of Isaac N. Knapp, deceased. The case was referred in the county court, and the following facts were reported by the referee: The plaintiff presented eight bills of account against the intestate which he claimed had, from time to time, according to their respective dates, been rendered to the intestate during his life time.
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Appeal from the disallowance by commissioners of the plaintiff’s claim against the estate of Isaac N. Knapp, deceased. The case was referred in the county court, and the following facts were reported by the referee: The plaintiff presented eight bills of account against the intestate which he claimed had, from time to time, according to their respective dates, been rendered to the intestate during his life time. The plaintiff claimed a balance of one hundred and fifteen dollars and fifty-seven cents, to be due to him on the 20th of October, 1857, but the administrator of the intestate…
1Opinion of the CourtPierpoint, J.
The question, in this case arises on the report of the referee as to the method of casting interest on the plaintiff’s account.
It appears from the report that the plaintiff, who was a merchant, had kept an open account with the intestate for many years prior to his death, keeping debt and credit; that each year the plaintiff had drawn off the account from his books, both debt and credit, ascertained the balance due, and carried it into a new account,, casting the interest on the balance and adding it to the principal, so that interest was cast upon interest each successive year. These…
2Cases cited1 opinion
- Langdon v. Town of CastletonSupreme Court of Vermont · 1858
3Cited by2 opinions
- Yearteau v. Bacon's EstateSupreme Court of Vermont · 1892
- Goodnow v. ParsonsSupreme Court of Vermont · 1863