Cal. Civil Code § 3289 : Compensatory Relief — California Civil Code — General Provisions — Damages In General — Interest As Damages — Legal rate of interest for breach of contract

  • Date:

Current through the 2016 Legislative Session

(a) Any legal rate of interest stipulated by a contract remains chargeable after a breach thereof, as before, until the contract is superseded by a verdict or other new obligation.
(b) If a contract entered into after January 1, 1986, does not stipulate a legal rate of interest, the obligation shall bear interest at a rate of 10 percent per annum after a breach.

For the purposes of this subdivision, the term contract shall not include a note secured by a deed of trust on real property.

Ca. Civ. Code § 3289
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