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Code · California · Civil Code

§ 1916

34 words·~1 min read·/ca/civil-code/1916

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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.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

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