18.040 Contract Damages; Interest | Pdf Doc Docx | Georgia_JI

 Contracts Damages 
18.040 Contract Damages; Interest | Pdf Doc Docx | Georgia_JI

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18.040 Contract Damages; Interest

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18.040 Contract Damages; Interest The amount of damages at the date of breach of contract may be increased by the addition of legal interest from that time until the time of recovery. All liquidated demands, whether by agreement or otherwise the sum to be paid is fixed and certain, bear interest from the time the party shall become liable and bound to pay them; if payable on demand, they bear interest from the time of the demand. In case of promissory notes payable on demand, the law presumes a demand instantly and gives interest from date. O.C.G.A. §§13-6-13, 7-4-15

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