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VOLKSWAGEN BRISTOL MOTORS, INC. v. DAIMLER-BENZ OF NORTH AM., INC.

46 A.D.2d 644 (1974)

Volkswagen Bristol Motors, Inc., Respondent, v. Daimler-Benz of North America, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

October 31, 1974

The defendant was required, pursuant to a written agreement, to pay a certain figure monthly and did so through April, 1970. Therafter, the defendant defaulted, leaving 48 monthly payments owing through the end of the term April, 1974. The judgment apparently calculates interest at the rate of 7½% up to September 1, 1972, and at the rate of 6% thereafter on the full aggregate of the defaulted installments from the date of the...

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