A gives B a bond for the repayment of Rs.1000 with interest at 12 per cent at the end of six...

A gives B a bond for the repayment of Rs.1000 with interest at 12 per cent at the end of six months, with a stipulation that, in case of default, interest shall be payable at the rate of 75 per cent from the date of default. What will be the consequence?

- This is a stipulation by way of penalty, and B is only entitled to recover from A such compensation as the court considers reasonable.

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