A liquidated debt which does not specify a rate of interest bears interest at the legal rate. See Provident Life and Accident Insurance Co. v. Few, 560 S.W.2d 407, 409 (Tenn. 1978); Vaughn v. American Heritage Life Insurance Co., 573 S.W.2d 165, 168 (Tenn.App.), cert. denied by Tenn.S.Ct. (1978). The legal rate at the time the guaranty was signed was 6%.

SCT's credit manager and American Credit made a mistake as to which corporation should be listed in the policy as the customer whose debts were insured. Phillips v. North River Insurance Co., 14 Tenn. App. 356 (1931); Vaughn v. American Heritage Life Ins. Co., 573 S.W.2d 165 (Tenn.App. 1978); Dickens v. St. Paul Fire Marine Ins. Co., 170 Tenn. 403, 95 S.W.2d 910 (1936). The court, however, need not order reformation.

Consecutive should be given its ordinary and common interpretation. Consecutive in its normal and everyday interpretation means following successively without interruption. This court in Vaughn v. American Heritage Life Insurance Company, 573 S.W.2d 165 (Tenn. App. 1978), relying on Needham stated that a three month insurance policy issued on 10 February would terminate at midnight on 10 May. Id. at 167.