[Download] "People v. Hamilton" by Fourth Appellate District, Division Two Court of Appeal of California # Book PDF Kindle ePub Free
eBook details
- Title: People v. Hamilton
- Author : Fourth Appellate District, Division Two Court of Appeal of California
- Release Date : January 30, 1995
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
Defendant loaned plaintiffs $2.3 million for two years, secured by real property plaintiffs had improved and intended to sell. Plaintiffs sold the property before the loan matured and, on defendants demand, repaid the loan principal, together with a prepayment fee of about $113,000, equal to six months interest. Under the parties loan agreement, plaintiffs owed defendant a prepayment fee at the time of sale only if plaintiffs had been more than 15 days late with any scheduled interest payment or had defaulted on any other contractual obligation to defendant; the fee was imposed here because plaintiffs had been late with an interest payment.