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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 408

Citation
Section 408
Parent Document
J & M Securities, LLC v. Brown, 388 S.W.3d 566 (2012)
Jurisdiction
Missouri (state)
Effective Date
2012-12-11

Full Text

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In this case, the contract provides “[a]ll unpaid amounts bear 18% interest per year from due date, compounded annually.” Thus, the parties agreed on an interest rate of 18% per year from the due date. Further, the claim was liquidated and J & M petitioned for pre-judgment interest.