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Under section 34 of the Code of Civil Procedure, the court may award interest from the date of the…

Section 34(1) fixes six percent per year as the ordinary ceiling for post-decree interest on the principal sum adjudged. Its commercial-transaction proviso permits a higher…

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Under section 34 of the Code of Civil Procedure, the court may award interest from the date of the decree until payment, or an earlier date it thinks fit. What is the stated statutory ceiling per annum?

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Correct answer C

Section 34(1) fixes six percent per year as the ordinary ceiling for post-decree interest on the principal sum adjudged. Its commercial-transaction proviso permits a higher rate within the contractual rate or the specified bank-rate limit if no contractual rate exists. None of the other printed percentages is the ordinary statutory ceiling.

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