New Jersey § 12a:3-112
Full text of New Jersey New Jersey Statutes § 12a:3-112, with citation guidance and answers to common questions.
§ 12a:3-112.
a. Unless otherwise provided in the instrument, an instrument is not payable with
interest, and interest on an interest-bearing instrument is payable from the date
of the instrument. b. Interest may be stated in an instrument as a fixed or variable amount of money
or it may be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated or described in the instrument in any
manner and may require reference to information not contained in the instrument. If an instrument provides for interest, but the amount of interest payable cannot
be ascertained from the description, interest is payable at the judgment rate in effect
at the place of payment of the instrument and at the time interest first accrues.
Frequently Asked Questions About New Jersey § 12a:3-112
What does New Jersey Statutes § 12a:3-112 cover?
Section 12a:3-112 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:3-112?
A common citation format is "New Jersey Statutes § 12a:3-112" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:3-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.