Mississippi Rice Growers Association (a.a.l.) v. Illinois Central Railroad Company, and J. F. Pigott, D/B/A Manufacturer's Warehouse Service
This text of 295 F.2d 681 (Mississippi Rice Growers Association (a.a.l.) v. Illinois Central Railroad Company, and J. F. Pigott, D/B/A Manufacturer's Warehouse Service) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Under the law of Mississippi, interest accrues from the time money is due under a contract. Section 36, Mississippi Code of 1942, Annotated; United Press Association v. McComb Broadcasting Corporation, 1947, 201 Miss. 68, 28 So. 2d 575; 30 So.2d 511; Holcombe v. McClure, 1953, 217 Miss. 617, 64 So.2d 689; Trinidad Asphalt Mfg. Co. v. Gregory, 5 Cir., 1948, 166 F.2d 745, 747, 748.
Paragraphs 3 and 5 of the judgment of the district court are therefore modified so as to include interest at the *682 rate of six per cent per annum on each respective recovery of $2,895.72 from January 1, 1956 until paid. The costs of appeal are taxed against the appellee J. F. Pigott, d/b/a Manufacturer’s Warehouse Service.
Modified and affirmed.
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295 F.2d 681, 1961 U.S. App. LEXIS 3321, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mississippi-rice-growers-association-aal-v-illinois-central-railroad-ca5-1961.