 | William Ruger - 1841 - 268 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...on the former principal until the period When the pSynlents, taken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | W. F. Walker - 1841 - 246 σελίδες
...subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...taken to augment the principal; but interest continues ons the former principal, until the period when the payments taken together exceed the interest due,... | |
 | Jeremiah W. Blydenburgh - 1844 - 364 σελίδες
...payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until...be applied towards discharging the principal, and the interest afterwards computed on the balance of principal. State of Connecticut v. Jackson, 1J.... | |
 | Horatio Nelson Robinson - 1845 - 310 σελίδες
...subsequent, interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...interest due, and then the surplus is to be applied toward discharging^the principal ; and interest is to be computed on the balance, as aforesaid." Rule... | |
 | Frederick Emerson - 1846 - 318 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must...payments, taken together, exceed ^ the interest due, unit then the surplus is to be appliedfowards discharging the principal; and interest is to be computed... | |
 | Isaac A. Clark - 1846 - 204 σελίδες
...the balance of the principal remaining due. If the payment be leas t han the interest, the surplus interest must not be taken to augment the principal;...when the payments taken together exceed the interest then di.e, and then the surplus goes towards discharging the debt. The interest is computed on the... | |
 | James Bates Thomson - 1846 - 362 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must...continues on the former principal until the period lehen the payments, taken together, exceed the interest due, and then the surplus is to be applied... | |
 | Isaac A. Clark - 1846 - 218 σελίδες
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus interest must not be taken to augment the principal;...interest continues on the former principal until the perioj when the payments taken together exceed the interest then di:e, and then the surplus goes towards... | |
 | James Bates Thomson - 1847 - 432 σελίδες
...subsequent interest is to be computed on the balance of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must...applied towards discharging the principal ; and interest il to be computed on tlie. balance as aforesaid." Note. — The above rule is adopted by New York,... | |
 | Florida. Supreme Court - 1848 - 786 σελίδες
...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...principal, and interest is to be computed on the balance of principal as aforesaid;" and this rule is sustained by Penrose vs. Hart, 1 Dall., 378. Light foot... | |
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... 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 is to be computed on the balance of principal remaining... 
