What is the test for contingently payable legal interest in a personal injury case?
California, United States of America
The following excerpt is from Arneill Ranch v. Petit, 134 Cal.Rptr. 456, 64 Cal.App.3d 277 (Cal. App. 1976):
'In Lamb v. Herndon, 97 Cal.App. 193, 201, 275 P. 503, 507, the rule is stated thus: 'It is also a general principle that when payment of full legal interest is subject to a contingency so that the lender's profit is wholly or partially put in hazard, the interest so contingently payable need not be limited to the legal rate,
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