Section 7-4-14. Interest runs from default unless otherwise agreed; when demand necessary

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In the absence of an agreement to the contrary, interest shall not run until default; hence, where money can be recovered because of mistake or other like reasons, no interest shall run until after demand and refusal to refund.

Civil Code 1895, § 2881; Civil Code 1910, § 3431; Code 1933, § 57-107.

                    
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