Thus a note made in Canada, where interest is six per cent., payable in England, where it is five per cent., bears English interest only.^ Loans made in a place bear the in- terest of that place, unless they are payable else- where; and if payable in a foreign country, they bear any rate of interest not exceeding that which is lawful by the laws of that country.^ And on this account a contract for a loan made and payable in a foreign country, may stipulate for interest higher than that allowed at home.* If the contract for interest be illegal there, it will be illegal every- where.^ But if it be legal where it is made, it will be of universal obligation, even in places where a lower rate of interest is prescribed by law.
Así pues, la regla general del common law, de que la lex loci contractus regirá como norma de los intereses, se deriva de la doctrina del derecho civil, cum judicio bonæ fidei deceptatur, arbitrio judicis usurarum modus, ex more regionis, ubi contractum, constituitur; ita tamen ut legi non offendat.*
Pero si el Inglaterra. Un contrato hecho para pagar dinero en Inglaterra, por servicios prestados en el extranjero, es un contrato inglés y devengará intereses ingleses.
' Big., Lib. 22, Tit. 1 ; Burge. Com. on Col. & For. Law, p. 860.
" S-ofield V. Day, 20 John. E., 102. " JDewolf V. Johnson, 10 Wheat. R., 367 ; Conseqva v. Willing, Peters. Cir., 225 ; Andrews v. Fond, 13 Peters. R., 65 ; Thompson V. Ketchum, 4 John. R., 285.
'' 2 Kent Com., p. 460; Houghton v. Paige, 2 N. Hamp. R., 42. = 2 Kain's Equity, B. 3, ch. 8. " Dig. Lib., 22, 1; 1 Burge. Com., p. 1, ch. 1.