5-1301 – How Interest Calculated.

§ 5-1301. How interest calculated. Whenever, in any statute, act, deed, written or verbal contract, or in any public or private instrument whatever, any certain rate of interest is or shall be mentioned, and no period of time is stated for which such rate is to be calculated, interest shall be calculated at the rate […]

5-1311 – Uniform Vendor and Purchaser Risk Act.

§ 5-1311. Uniform vendor and purchaser risk act. 1. Any contract for the purchase and sale or exchange of realty shall be interpreted, unless the contract expressly provides otherwise, as including an agreement that the parties shall have the following rights and duties: a. When neither the legal title nor the possession of the subject […]