Unto the continuing State of Venice.”
W. Shakespeare, The Merchant of Venice 4.1
It ought to be noted that at common legislation there was clearly no right to get interest regarding the loan of cash after all, consequently, statutes allowing the charging of great interest are to be construed strictly as to allowable return, since they are in derogation of typical legislation. In a passage remarkably prescient for this situation, a neighboring high court states: “the foundation of this straight to collect interest is usually to be discovered entirely in statutory enactments, in which the best to collect interest ‘was transformed from the criminal activity as a statitletory privilege.'[ citation omitted]. ‘At typical legislation, interest ended up being permitted in no situation. It will be the creature associated with the statute alone, and also to it we should try to find authority because of its allowance. If you don’t authorized by the statute, it may not be restored.’ [citation omitted]” Schlesinger v.