§ 455
40 words·~1 min read·
/ca/harbors-and-navigation-code/455A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon a contract of bottomry, the parties may lawfully stipulate for a rate of interest higher than that allowed by the law upon other contracts. But a competent court may reduce the rate stipulated when it appears unjustifiable and exorbitant.