 | Isaac Ridler Butts - 1852 - 596 σελίδες
...partial payments have been made, every payment is to be first applied to keep down the interest ; but the interest is never allowed to form a part of the principal,...give compound interest, which the law does not allow. To avoid this, the following rule has been adopted by the United States Courts, and most of the State... | |
 | Horace Mann, Pliny Earle Chase - 1857 - 388 σελίδες
...payments have been made, every payment is to be first appropriated to keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest. 27 Mass. R. 417 ; 1 Dall. 378. " When a partial payment exceeds the amount of interest due when it... | |
 | Horace Mann, Pliny Earle Chase, Phiny Earie Chase - 1857 - 394 σελίδες
...payments have been made, every payment is to be first appropriated to keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest. 27 Mass. R. 417 j 1 Dall. 378. " When a partial payment exceeds the amount of interest due when it... | |
 | Michael Thompson - 1863 - 472 σελίδες
...partial payments have been made, every payment is to be first applied to keep down the interest; but the interest is never allowed to form a part of the principal, so as to carry interest. 17 Mat>. JR., 417; 1 Dull., 378; 1 Cr. CC, 4U8 ; 2 Johns. Ch. R., 209; Ibid, 506; but see 4 Cr. CC,... | |
 | Massachusetts. Supreme Judicial Court - 1864 - 580 σελίδες
...partial payments have been made, eveiy payment is to be first applied to keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest THIS was a suit to foreclose a mortgage. The only question in the case was on the mode of computing... | |
 | George Nixon Comer - 1873 - 182 σελίδες
...rule has been adopted, by which every payment is first applicd to keep down the interest ; bnt the interest is never allowed to form a part of the principal so as to carry interest. Compnte the interest on the principal sum, from the time when the interest commenced to the first time... | |
 | 1880 - 978 σελίδες
...partial payments have been made, every payment is to be first applied to discharge the interest; but the interest is never allowed to form a part of the principal, so as to carry interest. When a partial payment is made before the debt is due, it cannot be apportioned part to the debt and... | |
 | 1891 - 1200 σελίδες
...which partial paymentshave been made, was to apply such payments to keep down the interest, "but the interest is never allowed to form a part of the principal so as to carry interest. " Leonard v. Villars, 23 111. 377, much relied on by the appellee, was a suit to foreclose a mortgage... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1891 - 800 σελίδες
...which partial payments have been made, was to apply such payments to keep down the interest, " but the interest is never allowed to form a part of the principal so as to carry interest." Leonard v. Vittars, 23 Illinois, 377, much relied on by the appellee, was a suit to foreclose a mortgage... | |
 | Abraham Clark Freeman - 1903 - 1144 σελίδες
...Martinstein v. His Creditors, 8 Bob. (La.) 6; Miami etc. Co. v. Bank of United States, 5 Ohio, 260. Interest is never allowed to form a part of the principal so as to carry interest: Dean v. Williams, 17 Mass. 417; Bradford Academy T. Graver, 55 Vt. 462; Boggess v. Goff, 47 W. Va.... | |
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In casting interest upon bonds, notes, &.c., upon which partial payments have been made, every payment is to be first applied to keep down the interest ; but the interest is never allowed to form a part of the principal, so as to carry interest, for the... 
