 | 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... | |
 | Leonard Augustus Jones - 1894 - 1000 σελίδες
...: "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...and the subsequent interest is to be computed on the 1 United States Mortgage Co. v. Sperry, Mathews v. Toogood, 23 Neb. 536, 37 NW 138 US 313, 11 Sup.... | |
 | Horatio Nelson Robinson - 1895 - 526 σελίδες
...United States has decided that : " The rule for casting interest when partial payments have been made is to apply the payment, in the first place, to the...subsequent interest is to be computed on the balance of the principal remaining due. " If the payment is less than the interest the snrplus of interest must... | |
 | James Schouler - 1896 - 848 σελίδες
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment in the first place to the discharge...interest then due ; if the payment exceeds the interest, to carry the surplus towards discharging the principal, and compute the subsequent interest on the... | |
 | 1896 - 1182 σελίδες
...Johns. Ch. 13, and is as 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
...is the UNITED STATES 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... | |
 | 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... | |
 | Abraham Clark Freeman - 1897 - 1008 σελίδες
...Dec. 471, and is as follows: "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... | |
 | Abraham Clark Freeman - 1897 - 1006 σελίδες
...the discharge of the interest then due. If 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 remniniug due. If the payment is less than the interest, the surplus of interest must not be taken... | |
 | Eugene L. Dubbs - 1901 - 462 σελίδες
...and by almost all the states of the Union. UNITED STATES RULE When partial payments have been made, apply the payment, in the first place, to the discharge...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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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. 
