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" 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 remaining due. If the payment be less than the interest, the surplus of interest must not... "
An historical treatise on the practice of the Court of Chancery of the State ... - Σελίδα 265
των Dominick T. Blake - 1818 - 650 σελίδες
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Principles of Law: Agency; Master and Servant; Bailments; Landlord and ...

1903
...principal, and the 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 not be '«2.1 Pa. 411 (1855). "4 Dowl. & Ry. (Enicr.) 783 (1824). "63Md. 171 (1884). »»25Pac. Rep. 93 (1890)....

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

Edward Voigt, Charles Voigt - 1904 - 800 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus...period when the payments taken together exceed the amount due, and then the surplus is to be applied towards the discharge of the principal; and the interest...

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

1905
...subsequent interest is to be computed on the balance of the principal remaining due. If the payment is less than the interest, the surplus of interest must...to augment the principal; but interest continues on former principal until the period when the payments, taken together, exceed the interest due, and then...

The New Advanced Arithmetic

John Williston Cook, Nebraska C. Cropsey - 1906 - 361 σελίδες
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. interest continues on the former principal until the...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. Note....

The Northwestern Reporter, Τόμος 108

1906
...and the subsequent interest is to be computed on the balance of principal remaining due, but whereby, if the payment be less than the interest, the surplus of interest due must not be taken to augment the principal, but interest continues on the former principal until...

Annual Report of the Attorney General of the State of Michigan

Michigan. Department of Attorney General - 1914
...principal, and the subsequent interest is to be computed 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, but the interest continues on the former principal until the period when the payments, taken together,...

Reports of Cases Decided in the Supreme Court of the State of Oregon, Τόμος 82

Oregon. Supreme Court, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, William Wallace Thayer, Frank A. Turner, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Bellinger, Charles Byron - 1917
...a balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance aa aforesaid....

The Pacific Reporter, Τόμος 165

1917
...subsequent interest is to be computed on the balance of principal remaining due. If the payment is less than the interest, the surplus of interest must...former principal until the period when the payments, tnken together, exceed the interest due, and then the surplus is to be applied towards discharging...

Ruling Case Law: As Developed and Established by the Decisions and ..., Τόμος 21

William Mark McKinney, Burdett Alberto Rich - 1918
...the interest, the balance of interest is not to be added to the principal so as to produce interest,0 but interest continues on the former principal until...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance as aforesaid.7...

Digest of the Decisions of the Supreme Court of Oregon: Vol. 72-90 ..., Τόμος 3

1919
...a balance of principal remaining due. If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal;...until the period when the payments, taken together, ex6eed the interest due, and then the earplug ie to be applied toward discharging the principal, and...




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