months from
the date of
letters. |
42 ACCOUNT.
from the deceased, or on other security carrying
interest, after the expiration of one year
from the date of the letters of administration,
unless it be made to appear, that he had not
assets sufficient to discharge such debt, before
the time that the payment was made.
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No interest
allowed on
book accounts. |
No interest is allowed on book accounts unsettled,
without a special agreement; nor is
compound interest to be allowed on any voucher
whatever; except, indeed, in the case of a
loan-office bond, which under some circumstances,
is liable to interest upon interest; but
should such a bond be offered, the best guide
will be the act itself, made in November session
1769, entitled, " An act for emitting bills of
credit," &c.
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Thus far concerning what ought to be
known previous to the passing of the account;
the drawing and regular way of stating the
same, is as follows, viz.
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Construction
of the account. |
Being fully satisfied of the legality of every
voucher produced, the executor or administrator,
who is therein stiled an accountant, is made
debtor with the whole amount of the deceased's
personal estate, contained in the inventory, and
lists of debts received. |
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