What is the legal test for determining pre-judgment interest?
Ontario, Canada
The following excerpt is from Forest City Fire Protection v General Refrigeration Canada, 2015 ONSC 2346 (CanLII):
Unless the provisions regarding interest rates are vague or unclear, or unless the interest rate infringes a statutory provision such as the Interest Act, effect should be given to the contractual rate for the determination of both pre- and post-judgment interest: Capital One Bank v. Matovska, [2007] O.J. No. 3368 (Div. Ct.). In this case, the rate provided for in the contract is neither unclear nor illegal.
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the legal position of the primary care parent in determining the best interests of the child? (Ontario, Canada)
In a non-Hague Convention case, what is the test for a stay of a return order where the parties' best interests of the child are compromised by postponing the determination of the children’s best interests in the country where they are habitually resident? (Ontario, Canada)
What is the appropriate rate of interest for prejudgment and postjudgment interest in a personal injury case? (Ontario, Canada)
Does a change in the rate of interest applied for prejudgment interest on a judgment made against a commercial landlord? (Ontario, Canada)
Is postjudgment interest payable upon a judgment which awards prejudgment interest? (Ontario, Canada)
What is the test for determining what is in a child's best interests in a custody matter? (Ontario, Canada)
What is the test for determining whether a defendant has an interest in extending the limitation period of a claim? (Ontario, Canada)
What is the test for determining whether a defendant’s jurisdiction has to be determined by the Court of Appeal? (Ontario, Canada)
What is the legal test for determining that a non-justiciable matter cannot be resolved according to law? (Ontario, Canada)
What factors should the court consider when determining a child’s best interests? (Ontario, Canada)
