Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3
Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3
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In our eReader you can find the full English version of the book. Read Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3
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4th. That there was no agreement to compound, at the period when the said bond of 22nd April 1822, was executed on the part of the appellees, or any of them, and if there were, it could only be binding as an agreement to convert the interest into principal, at that date, so as to make the compounding operate prospectively; and that any agreement at that period to compound retrospectively, as between the mortgagor and mort- gagees, is ill^al and usurious, and so oppressive to the mort- gagees, t...hat equity will relieve them from it.
5th. That the amount of the debt, as ascertained by said bond of April 1822, could only have been made out by the exaction of illegal and usurious interest, or by such compound- ing of the debt as the law regards as oppressive, as between mortgagor and mortgagee, and the appellees are entitled to be relieved against it, at least to the full extent of the usury or exaction, and to have the mortgage debt asceitained, either by computing them with sim^de interest down to the present period, or if there be proof of any agreement, then by compu- ting them with simple interest down to the period of such agreement, if any, and with simple interest from that period forward on the compounded sum.
What to read after Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. Court of Appeals, Richard W. Gill, Oliver Miller to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
4th. That there was no agreement to compound, at the period when the said bond of 22nd April 1822, was executed on the part of the appellees, or any of them, and if there were, it could only be binding as an agreement to convert the interest into principal, at that date, so as to make the compounding operate prospectively; and that any agreement at that period to compound retrospectively, as between the mortgagor and mort- gagees, is ill^al and usurious, and so oppressive to the mort- gagees, t...hat equity will relieve them from it.
5th. That the amount of the debt, as ascertained by said bond of April 1822, could only have been made out by the exaction of illegal and usurious interest, or by such compound- ing of the debt as the law regards as oppressive, as between mortgagor and mortgagee, and the appellees are entitled to be relieved against it, at least to the full extent of the usury or exaction, and to have the mortgage debt asceitained, either by computing them with sim^de interest down to the present period, or if there be proof of any agreement, then by compu- ting them with simple interest down to the period of such agreement, if any, and with simple interest from that period forward on the compounded sum.
What to read after Reports of Cases Argued And Determined in the Court of Appeals of ..., volume 3?
You can find similar books in the "Read Also" column, or choose other free books by Maryland. Court of Appeals, Richard W. Gill, Oliver Miller to read onlineMoreLess
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