Verree v. Hughes

Supreme Court of New Jersey

Verree v. Hughes

11 N.J.L. 92

DecidedSeptember 15, 1829

StatusPublished

This text of 11 N.J.L. 92 (Verree v. Hughes) is published on Counsel Stack Legal Research, covering Supreme Court of New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Verree v. Hughes, 11 N.J.L. 92 (N.J. 1829).

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Opinion

By the Court.

Wo are of opinion that the calculation should be made at six and not seven per cent, from the date of the judgment. Whenever a new principal is formed of a date subsequent to the fourth of July, 1824, the interest. must be computed at six per cent. When a judgment is [114]*114obtained, in England on . a foreign contract, the foreign interest is calculated up to the time of the judgment, and after that the English, if any, interest is allowed.

PT. B. The court did not intend to sanction the mode here adopted, of making a new or compound principal■; nor to deny seven per cent., if the calculation had been made on the original principal only.

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By the Court.

Wo are of opinion that the calculation should be made at six and not seven per cent, from the date of the judgment. Whenever a new principal is formed of a date subsequent to the fourth of July, 1824, the interest. must be computed at six per cent. When a judgment is [114]*114obtained, in England on . a foreign contract, the foreign interest is calculated up to the time of the judgment, and after that the English, if any, interest is allowed.

PT. B. The court did not intend to sanction the mode here adopted, of making a new or compound principal■; nor to deny seven per cent., if the calculation had been made on the original principal only.

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Bluebook (online)

11 N.J.L. 92, Counsel Stack Legal Research, https://law.counselstack.com/opinion/verree-v-hughes-nj-1829.