TaiLexi AI U.S. Case Law

Aiken v. Cantrell.

Aiken v. . Cantrell

Aiken v. Cantrell., 37 S.E. 453 (N.C. 1900)
Download
Format
Include

Star paging (*137) is kept for pin cites.

Court
Supreme Court of North Carolina · State Highest Courts
Decided
December 22, 1900
Judges
Faikcloth
Citations
37 S.E. 453127 N.C. 4161900 N.C. LEXIS 96
Headnotes
New Trial — Appeal—Remand—Interest—Computation— Usury — M andate. Where the Supreme Court can not tell from the case on appeal by what rule interest was calculated m an account, or whether the calculation was correct, the case will be remanded for new trial.
Summary
Civil Action by Mrs. A. M. Aiken, administratrix of L. 0. Aiken against J. MeD. Cantrell, beard by Judge T. A. McNeill, on report of referee, at Spring Term, 1900, of TRANSYLVANIA Superior Court. From judgment for defendant, the plaintiff appealed.

Syllabus and headnotes are prepared by the reporter or publisher, not the court, and are not part of the opinion.

Opinion of the Court — Faikcloth

Faikcloth, C. J.

The defendant held plaintiff’s intestate’s note, and plaintiff insists that the money actually paid and the property purchased by defendant were in excess of the true amount due on the note, and that question depends on a correct calculation of interest. The matter was referred, and the referee’s report shows a detailed and itemized calculation of a dozen small credits, and the interest due from one credit to another, and finally concludes that defendant is due plaintiff $63.39. At the hearing, his Honor disregards the referee’s calculation of interest and payments, and makes and sets out his Calculation of interest and payments in detail with much particularity. He concludes that defendant owes plaintiff nothing, and adjudges accordingly. If the referee and the Judge intended to calculate interest on the general rule, each one was mistaken as to the rule, in that *417 they allowed interest upon interest, when the interest due at the day of the payment was more than tbe payment. The rule was first laid down in this State in Bunn v. Moore’s Executors, 2 N. C., 279 , and has been ever since followed.

Overby v. Association, 81 N. C., 61 . If they intended to calculate on the particular rule laid down in Bledsoe v. Nixon, 69 N. C., 89 , we are unable to see whether they worked according to that rule or not, as neither the note nor a copy is sent with the record to this Court. We therefore remand, and order a New trial.

How later courts describe this case

No later court has written an explanatory parenthetical about this case yet.

Cited by 0 cases

No case in this database cites this case.

Authorities cited 2

DepthCaseCited by
Bledsoe v. Nixon ., 69 N.C. 89 (1873) 20
Overby v. Fayetteville Bldg. & Loan Ass'n, 81 N.C. 56 (1879) 17

Keyboard shortcuts

/Focus the search box
j kNext / previous result
EnterOpen the selected result
xAdd / remove the selected result from the download list
n pNext / previous search term in a case
cCopy the citation of the current case
+ −Larger / smaller reading text
?Show this list