 | New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889 - 484 σελίδες
...laid down by Chancellor KENT as follows: " When partial payments have been made, apply the payment, in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | Emerson Elbridge White - 1883 - 370 σελίδες
...UNITED STATES RULE. Tf7ien partial payments have been made, apply the payment, in the ßrst piare, to the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes tolrard discharging the principal, and the subsequent interest is to be computed on the balance of... | |
 | 1891 - 1248 σελίδες
...13, "when partial payments have been made, is to apply the payment in the first place to thedischarge of the interest then due. If the payment exceeds the interest, the surplus goes towads discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | John Edward King - 1891 - 254 σελίδες
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. 472. Find the amount due... | |
 | 1893 - 252 σελίδες
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied in the first place to the discharge of the interest then due. The balance of the payments is applied to the discharge of the principal. EXAMPLES. 472. Find the amount... | |
 | James Schouler - 1896 - 848 σελίδες
...Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and compute the subsequent interest on the... | |
 | John Williston Cook, Nebraska Cropsey - 1896 - 452 σελίδες
...made, is to apply the payment, in the /Irst place, to the discharge of the interest t ht- ч due. II. If the payment exceeds the interest the surplus goes towards discharging the principal, and tin- subsequent interest is to be computed on the balance of principal remaining due. III. // the payment... | |
 | 1896 - 1182 σελίδες
...follows: "The rule for casting interest when partial payments have been made is to apply the payment in the first place to the discharge of the interest then due. If the payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | William Seneca Sutton - 1896 - 342 σελίδες
...BULE. 1. " The rule for casting interest when partial payments have been made is to apply the payment, in the first place, to the discharge of the interest then due. 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and... | |
 | Abraham Clark Freeman - 1897 - 1006 σελίδες
...Hence, when partial payments hare been made, the rule for casting Interest is to apply the payment, in the first place, to the discharge of the Interest...the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
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If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest... 
