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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
Πλήρης προβολή - Σχετικά με αυτό το βιβλίο

Ray's Modern Practical Arithmetic: A Revised Edition of Ray's Practical ...

Joseph Ray - 1903 - 320 σελίδες
...Chancellor Kent with reference to partial payments, is as follows : " 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 interest, the surplus goes toward discharging the principal, and the subsequent interest...

The Business Law of Wisconsin: With a Collection of Practical Forms for the ...

Edward Voigt, Charles Voigt - 1904 - 800 σελίδες
...therewith." It is the law in Wisconsin that "when partial payments have been made, the payment is to apply in the first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward the discharge of the principal, and the subsequent interest...

The Business Man's Encyclopedia: a Hip-pocket Business Counsellor-- ...: 3 ...

1905
...by... 2 9 per cent divide by 4 20 per cent divide by... 18 The rule for casting interest, when the 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...

New York Annotated Cases: Selected from the Current Decisions of ..., Τόμος 16

Wayland Everett Benjamin - 1906
...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...

The Northwestern Reporter, Τόμος 108

1906
...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...

Reports of Cases Determined in the Supreme Court of the Territory ..., Τόμος 13

New Mexico. Supreme Court - 1908
...(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...

Soulé's Philosophic Practical Mathematics: Designed for the Use of ...

George Soulé - 1910 - 1002 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 Reports, Τόμος 10

United States. Supreme Court - 1911
...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...

A Treatise on the Measure of Damages: Or, An Inquiry Into the ..., Τόμος 1

Theodore Sedgwick - 1912 - 3400 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...

Ruling Case Law: As Developed and Established by the Decisions and ..., Τόμος 15

William Mark McKinney - 1917
...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...




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