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Compensatory Interest

Compensatory Interest

Cs sought interest that is statutory the contractual price charged by D (29% each month); the Judge rejected Cs’ first rationale (that this is the price C needed to spend to borrow cash) and stated this method ought to be limited to commercial instances.

224: Cs’ second argument had been that Cs could have used the surplus funds to settle other HCST loans – there could be more merit compared to that argument, however it will be better explored from the facts of the case that is particular. Continuer la lecture de Compensatory Interest