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" 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 payment exceeds the interest, the surplus goes towards discharging the principal, and... "
Higher Arithmetic: Designed for the Use of High Schools, Academies, and ... - Σελίδα 132
των George Roberts Perkins - 1851 - 342 σελίδες
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The Common-school Arithmetic: Designed for Learners of Every Class; and ...

Pliny Earle Chase - 1857 - 338 σελίδες
...given in the Key, or study carefully the Court rule, which is thus expressed by Chancellor Kent: — " The rule for casting interest, when partial payments...discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

A Theoretical and Practical Arithmetic ...

Daniel Leach - 1857 - 314 σελίδες
...have been endorsed on them : - — RULE. " The rule for casting interest, when partial payments /iave been made, is to apply the payment, in the first place,...discharge of the interest, then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the .subsequent interest...

Practical Arithmetic, by Induction and Analysis

Joseph Ray - 1857 - 348 σελίδες
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to...

Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 σελίδες
...interest at the statute rate, or ten per cent. per annum. Id. 5. " The rule for casting interest where .D. Valentine & Son digeharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging...

Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 σελίδες
...the payments. 290. RULE OF THE SUPREME COURT OF THE UNITED STATES, AND OF THE STATES GENERALLY. I. " The rule for casting interest, when partial payments...place, to the discharge of the interest then due." II. "If the payment exceeds the interest, the surplus goes towards discharging the principal, and the...

The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 σελίδες
...where partial payments have been made, the Supreme Court of the United States has decided that, I. ''The rule for casting interest when partial payments...place, to the discharge of the interest then due. II. " If the payment exceeds the interest the surplus goes towards discharging the principal, and the...

Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 σελίδες
...for computing the interest adopted by the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments...place, to the discharge of the interest then due. II. " If tJte payment exceeds Ike interest, the surplus goes towards discharging the principal, and...

Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 778 σελίδες
...prescribed in the case of Bacchus v. Minor, 3 Cal., 231, as follows: The rule for casting interest where partial payments have been made, is, to apply the...discharge of the interest then due ; if the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 σελίδες
...Packard, Admin., October T., 1859. b It may be here stated that the rule for casting interest, where partial payments have been made. is to apply the payment...discharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Reports of Cases in Law and Equity, Determined in the Supreme Court ..., Τόμος 9

Iowa. Supreme Court - 1860 - 688 σελίδες
...John. Ch. 13 ; and is this : " When partial payments have been made, such payments are to be applied, in the first place, to- the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest...




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