THE
ENACTMENTS OF JUSTINIAN. THE NOVELS. |
~ CXXXVIII ~ |
INTEREST
SHALL NOT BE CALCULATED FOR AN AMOUNT MORE THAN DOUBLE THE PRINCIPAL. |
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( S. P. Scott, The Civil Law, XVII, Cincinnati, 1932 ). |
The
Emperor Justinian to Hermogenes, Master of the Offices. |
We
have promulgated a law which annuls the right of action to collect a
claim when the interest paid by the debtor amounts to more than twice
the principal. Hence, where any of your creditors have received from
you interest equal to twice the amount of your indebtedness, and others
have received less, those who have paid double the sums which were loaned
at different times cannot molest you any further, and their claims having
been satisfied they can, for this reason, be compelled to remain silent.
We decree if the others should bring suit for what is due to them, they
can recover the amount of interest stated in their bonds; and when their
claims are just, We decree that they shall enjoy the benefit of the
present law. |
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