 | Wayland Everett Benjamin - 1906 - 602 σελίδες
...hundred years ago in Connecticut v. Jackson, 1 Johns. Ch. 17, 7 Am. Dec. 471. It was stated as follows: "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... | |
 | 1906 - 1266 σελίδες
...the Massachusetts or United States rule, which was correctly announced by Chancellor Kent as follows: "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... | |
 | New Mexico. Supreme Court, John Abbott, Paul A. F. Walter - 1908 - 656 σελίδες
...(Tenn.) 238; Margarity v. Shipman. 82 Va., 784. Jones-Downes Co. v. Chandler. RM TURNER, for appellee. 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... | |
 | George Soulé - 1910 - 1042 σελίδες
...the United States, as also by several other States, is hence termed tbe United States System. I.— The rule for casting interest when partial payments have been made, is to apply the payment, in tbe first place, to the discharge of the interest due. II. — If the payment exceeds the interest,... | |
 | United States. Supreme Court - 1911 - 1132 σελίδες
...sufficient, see note to Moore v. Bank of Metropolis, ante, 172. Interest, the rule of calculation of. 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... | |
 | Theodore Sedgwick - 1912 - 870 σελίδες
...that laid down in the leading case of Connecticut v. Jackson; 484 in which Chancellor Kent said that 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... | |
 | William Mark McKinney - 1917 - 1204 σελίδες
...sanctioned by the decisions or statutes of most of the states, and commonly known as the United States rule, 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 the subsequent interest... | |
 | New York (State) - 1917 - 360 σελίδες
...rule for the computation of partial payments was enunciated in an early case as follows: "The rule of casting interest, when partial payments have been...discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent interest... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - 1917 - 830 σελίδες
...rule. 2. The formula prescribed by Chancellor Kent reads thus: "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 toward discharging the principal, and the subsequent interest... | |
 | William Mark McKinney, Burdett Alberto Rich - 1918 - 1564 σελίδες
...Payments; Account Due. — In applying partial payments to an interest bearing debt which is due, the rule is to apply the payment, in the first place, to the discharge of the interest then due.3 If the payment exceeds the interest, the surplus goes toward discharging the principal,* and... | |
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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... 
