Michigan Laws > Chapter 438 > Act 11 of 1869 – Interest On Due and Unpaid Interest
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| § 438.101 | Interest on due and unpaid interest; rate |
Terms Used In Michigan Laws > Chapter 438 > Act 11 of 1869 - Interest On Due and Unpaid Interest
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l