(DOWNLOAD) "Rodgers v. Rainier National Bank" by Supreme Court of Washington ~ Book PDF Kindle ePub Free
eBook details
- Title: Rodgers v. Rainier National Bank
- Author : Supreme Court of Washington
- Release Date : January 15, 1988
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
Debtors on a promissory note defaulted and the lender accelerated the maturity date pursuant to a default-acceleration provision. As a requirement for the debtor to avoid foreclosure sale, the lender demanded unaccrued interest for the period during which prepayment was prohibited, and also demanded a prepayment penalty which would have been due had prepayment occurred subsequent to that prohibition period. The question presented is whether the debtors can recover the unaccrued interest and the prepayment penalty which they paid under protest. The trial court answered in the affirmative and we agree.