Whenever one person has the money of another, and knows what sum he ought to pay, he must pay interest for the same.
PER CURIAM.
Wherever the party knows what sum he ought to pay, there he ought to pay interest. Here they well knew how much of the money they had appropriated to the purposes they received it for, and for the balance they ought to pay interest; and it was allowed by the jury accordingly by way of damages.
This case may have been decided in April, 1792. The original note has no date to it.
Cited: Devereux v. Burgwyn, 33 N.C. 495; McRae v. Malloy, 87 N.C. 199.