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Search by party name, citation, or a phrase from the judgment and move straight to the right volume.
Access noteResults only include content available on your current tier. If you do not have full case access, results from restricted case content will not appear.
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Contract — penalty clause — penalty out of proportion to prejudice suffered by creditor — court entitled to reduce penalty payable — maximum amount of interest may not exceed the unpaid capital, irrespective of what contract says
Interest — in duplum rule — interest ceases when double has been reached — penalty clause providing for interest in excess of the double — not enforceable
Practice and procedure — default judgment — liquidated demand — demand arising out of unpaid loan — interest and other charges bringing total demanded to more than double the unpaid loan — court entitled to reduce penalty payable accordingly
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