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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 134
των George Roberts Perkins - 1849 - 342 σελίδες
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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...

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...

Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 348 σελίδες
...Supreme Court of the United States, and may therefore be called the TTNITED ST-A-TES RULE. ART. 104. Apply the payment in the first place to the discharge of the interest then due ; if the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

A Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 3

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 808 σελίδες
...stating the time for which the rate is to be computed, a year is intended. 1 Rev. Stai., 773, § 10. 137. 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 Digest of New York Statutes and Reports: From the Earliest Period ..., Τόμος 1

Benjamin Vaughan Abbott, Austin Abbott - 1864 - 790 σελίδες
...Vt., 26 ; Robinson t>. Doolittle, 12 Id., 246 ; HUlyerz.Vaughau, 1 /. J. ManA., 68*. terest, the 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...

Reports of Cases Argued and Determined in the Court of ..., Σελίδα 10,Τόμος 2

Alonzo Christopher Paige - 1864 - 828 σελίδες
...Johns. 42. The rule for casting interest, when partial payment* have been made, is to apply the payments in the first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...

The American Law Register, Τόμος 4;Τόμος 13

1865 - 820 σελίδες
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Clerks' and Conveyancers' Assistant: A Collection of Forms of Conveyancing ...

Benjamin Vaughan Abbott, Austin Abbott - 1866 - 758 σελίδες
...fifty or more cents, and to disregard the cents when there are less than fifty. Partial Payments. — 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...




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