sec.54Interest— Act , s 77

### sec.54 Interest— Act , s 77 For section 77 (3) (c) of the Act , interest is payable on the amount of damages awarded— if the parties have entered into a contract—at the rate provided under the contract; or at the rate agreed between the parties; or otherwise—at the rate of 10%. The interest is payable on and from the day after the day the amount became payable until and including the day the amount is paid. (sec.54-ssec.1) For section 77 (3) (c) of the Act , interest is payable on the amount of damages awarded— if the parties have entered into a contract—at the rate provided under the contract; or at the rate agreed between the parties; or otherwise—at the rate of 10%. (sec.54-ssec.2) The interest is payable on and from the day after the day the amount became payable until and including the day the amount is paid. - (a) if the parties have entered into a contract—at the rate provided under the contract; or - (b) at the rate agreed between the parties; or - (c) otherwise—at the rate of 10%.