Court of Appeals of New York

SPODEK v. PARK PROP. DEV. ASSOC., 2 No. 153

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A creditor is entitled to prejudgment interest under CPLR 5001 where the promissory note provided for monthly interest and principal installment payments on the debt owed, starting from the accrual of the cause of action on both the unpaid interest and principal payments to the date liability was fixed.

Appellate Information

Decided 11/15/2001
Published 11/15/2001

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