California Civil Code

§ 1916

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

CIV § 1916Div. 3 · Title 4 · Part 4 · Ch. 3

Statute text

View on leginfo.ca.gov

When a rate of interest is prescribed by a law or contract, without specifying the period of time by which such rate is to be calculated, it is to be deemed an annual rate.

Legislative history

Enacted 1872.