Nugent v. Cryer

Gunby, J. The charge in a merchant’s account of eight per cent, interest, no matter how often and explicitly the same has been acknowledged, is illegal unless there has been a written agreement to pay that rate, or unless the agreement is proved by interrogatories on facts and articles. 13 An. 233; 6 M. 278; 7 L. 520 ; 15 An. 457; 21 An. 278.