New Jersey Statutes 42:1A-5. Principles of law and equity applicable; rate of interest determined
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 42:1A-5
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
5. a. Unless displaced by particular provisions of this act, the principles of law and equity supplement this act.
b. If an obligation to pay interest arises under this act and the rate is not specified, the rate of interest shall be at the rates provided by the Rules Governing the Courts of the State of New Jersey for the applicable period of time.
L.2000,c.161,s.5.