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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. "
American Leading Cases: Being Select Decisions of American Courts, in ... - Σελίδα 357
των John Innes Clark Hare - 1871
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1851 - 356 σελίδες
...States is as follows: RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest...

Michigan Reports: Cases Decided in the Supreme Court of Michigan, Τόμος 82

Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - 780 σελίδες
...follows: " When partial payments have been made, apply the payment, in the first place, to the discharging of the interest then due. If the payment exceeds the...subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...Jackson, in which he says : — "The rule for casting interest, when partial payments have been made, is to apply the payment, in the first place, to the...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...

Merchants' Magazine and Commercial Review, Τόμος 27

1852 - 780 σελίδες
...Jackson, in which he says : — "The rule for casting interest, when partial payments have been made, м to apply the payment, in the first place, to the discharge...the payment exceeds the interest, the surplus goes toward diecharging the principal, and the subsequent interest is to be computed on the balance of principal...

Stoddard's Practical Arithmetic

John Fair Stoddard - 1852 - 320 σελίδες
...on notes, and other obligations, where partial payments have been made, is & follows : — RULE. " Apply the payment, in the first place, to the discharge of the interest then due. ~ If the payment exceed the interest, the surplus gnex towards discharging the principal, and the subsequent interest...

A Practical and Theoretical Arithmetic: Designed for the Use of Schools and ...

Charles D. Lawrence - 1854 - 336 σελίδες
...States for finding the amounts due on notes on which partial payments have been made, is as follows i "Apply the payment. in the first place, to the discharge of the interest then due. If the payment exceed the interest. the surplus goes towards discharging the principal, and the subsequent interest...

An Elementary Arithmetic Designed for Academies and Schools: Also Serving as ...

George Roberts Perkins - 1855 - 388 σελίδες
...States is as follows : ' RULE. " 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 exceed the interest, the surplus goes towards discharging the principal, and the subsequent interest...

The American Philosophical Arithmetic: Designed for the Use of Advanced ...

John Fair Stoddard - 1856 - 312 σελίδες
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent interest...

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

William H. R. Wood - 1857 - 834 σελίδες
...where partial payments have been made, is, to apply the payment in the first place to the digeharge of the interest then due; if the payment exceeds the...subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not...

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...the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed...




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