Balfour & Koch Co. v. Ranow

Upon an indebtedness from the defendants to the plaintiff for goods sold and delivered in the amount of $2,476.56, the former received an allowance of $260.69 for defective material, leaving a balance due on September 28, 1923, of $2,215.87. At various dates thereafter the defendants paid the sum of $2,184.32, which was credited to them on account of principal. When they tendered the small balance due, the plaintiff demanded interest on the entire principal sum originally owing after the deduction of the allowance. Defendants concede that interest is due on the balance, but urge that by…