If there is stipulation for the rate of interest, the court must allow the rate upon the date of the suit, subject to which of the following exceptions?
A. Any provision of the law applicable to money lending transaction, or usury laws or any other debt law governing the parties and having an overriding effect on any stipulation for payment of interest voluntarily entered into between the parties
B. If the rate is penal, the court must award at such rate as it deems reasonable
C. Even if the rate is not penal, the court may reduce it if the interest is excessive and the transaction was substantially unfair
D. All of these
Answer: Option D

Join The Discussion