TITLE

DESCRIPTION OF INTEREST RATE VERSUS METHOD OF CALCULATING INTEREST

AUTHOR(S)
PANNABECKER, JAMES H.
PUB. DATE
August 2013
SOURCE
Bankers Letter of the Law;Aug2013, Vol. 47 Issue 8, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case between JNT Properties and Keybank on the debate on the use of interest rate against method of calculating interest in bank transactions. The case happened when Keybank was alleged by JNT that it breached its deal through charging interest higher than the rate mentioned in the promissory note, which was at 5.68 percent per year. The Supreme Court of Ohio decided in favor of JNT, when the 360/365 method clause was meant for computing interest fees. not rates.
ACCESSION #
91750377

 

Related Articles

  • Promisory note on mere receipt? Keenan, Denis // Accountancy;Mar1987, Vol. 99 Issue 1123, p51 

    Reports on a Court of Appeal's decision on the case of Claydon v Bradley. Background of the case concerning the issuance of a promissory note.

  • Eighth Circuit Finds No Ambiguity in Interest Rate Provision of Promissory Note. Chaitman, Helen Davis // Lender Liability Law Report;Mar2012, Vol. 26 Issue 3, p1 

    The article discusses the court case Kreisler & Kreisler LLC v. National City Bank where a promissory note was issued for payment of interest at the 365/360 method. The court examined Kreisler's complaint stating that the bank has charged an interest in excess of the rate specified in the...

  • Relieved BES investors. Greene, Chris; Maddalena, Christina // Accountancy;Nov93, Vol. 112 Issue 1203, p117 

    This article discusses the British cases National Westminister Bank PLC v. Inland Revenue Commission and Barclays Bank PLC v. Inland Revenue Commission in November 1993. The National Westminister and Hambros Bank sponsored business expansion scheme investments in five companies formed for the...

  • Ohio Supreme Court OKs maternity leave waiting period.  // HR Specialist: Ohio Employment Law;Sep2010, Vol. 4 Issue 9, p5 

    The article discusses a court case wherein the Ohio Supreme Court has ruled a policy for nursing home, in which it states that a one year of service before given a maternity leave does not violate a state law.

  • Stuart's Law of Retroaction No Good in Ohio. Cristy, Matthew J.; Lord, Shane // Venulex Legal Summaries;2005 Q3, p1 

    The article discusses Stuart's Law of Retroaction that says that it is easier to get forgiveness than permission. In Ohio, this does not apply to taxpayers who would want to deviate from the apportionment formula. The Ohio Supreme Court held that a request to deviate from the formula must be...

  • Death and Taxes: Still a Certainty for Wage-Earners in Ohio. Curtin, Jennifer J. // Venulex Legal Summaries;2005 Q3, p1 

    The article discusses the case Buckley v. Wilkins where it is argued that wages are not income and thus are not taxable. The appellants in the case refused to pay taxes on the theory that wages are not income for tax purposes because Ohio law fails to expressly define income to include wages....

  • Ohio Supreme Court to Hear Abortion Records Case. Townsend, Liz // National Right to Life News;Apr2008, Vol. 35 Issue 4, p7 

    The article reports that the Ohio Supreme Court is considering a lawsuit filed by the parents of a 14-year-old girl who underwent abortion without their consent. The Planned Parenthood of Southwest Ohio is facing litigation with regard to the parental involvement law of Ohio. Under the Ohio law...

  • Ohio Supreme Court will decide Monroe Co. mineral rights ownerships. SEACHRIST, KRISTY FOSTER // Farm & Dairy;9/11/2014, Vol. 100 Issue 51, p4 

    The article reports that the Ohio Supreme Court will hear a court case on September 3, 2014 regarding the ownership of the mineral rights under the 42 acres in Noble County, Ohio.

  • Expert CPAs: Know the Rules of Evidence to Survive Scrutiny. Wiener, Michele C.; Archer, Kiersten S. // Pennsylvania CPA Journal;Summer2005, Vol. 76 Issue 2, p1 

    The article discusses the rules for CPAs who provide litigation consulting services. The need to retain draft reports and correspondence between counsel and testifying experts varies from jurisdiction to jurisdiction. There are two decidedly diverse camps regarding the fairness of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics