 | Daniel Leach - 1851 - 280 σελίδες
...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 payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the... | |
 | 1852 - 780 σελίδες
...the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent interest...than the interest, the surplus of interest must not bo taken to augment the principal ; but interest continues on the former principal until the period... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891 - 780 σελίδες
...the payment, in the first place, to the discharging of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging...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... | |
 | John Fair Stoddard - 1852 - 320 σελίδες
...place, to the discharge of the interest then due. ~ If the payment exceed the interest, the surplus gnex towards discharging the 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... | |
 | Daniel Leach - 1853 - 622 σελίδες
...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 payment be less than the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the... | |
 | John Fair Stoddard - 1856 - 312 σελίδες
...the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and...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... | |
 | Pliny Earle Chase - 1857 - 338 σελίδες
...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...payment be less than the interest, the surplus of the interest must not be taken to augment the principal ; but interest continues on the former principal... | |
 | William H. R. Wood - 1857 - 834 σελίδες
...apply the payment in the first place to the digeharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging...subsequent interest is to be computed on the balance of the principal remaining. If the payment be less than the interest, the surplus of interest must not... | |
 | Joseph Ray - 1857 - 348 σελίδες
...exceeds the Int., the surplus goes toward discharging the principal, and the subsequent Int. is to he computed on the balance of principal remaining due. "If the payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former... | |
 | Silas Lawrence Loomis - 1859 - 324 σελίδες
...payment, in the first place, to the discharge of the interest then due." II. "If the payment exceeds the interest, the surplus goes towards discharging...subsequent interest is to be computed on the balance of the principal remaining due." III. "If the payment be less than the interest, the surplus of the interest... | |
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If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due... 
