 | Abraham Clark Freeman - 1897 - 1008 pages
...v. Jackson, 1 Johns. Ch. 13, 7 Am. Dec. 471, and is as follows: "The rule for casting interest, when partial payments have been made, is to apply the payment,...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... | |
 | Abraham Clark Freeman - 1897 - 1006 pages
...for computing interest. Hence, when partial payments have Ijeen made, the rule for casting interest is to apply the payment, In the first place, to the...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... | |
 | Eugene L. Dubbs - 1901 - 462 pages
...and by almost all the states of the Union. UNITED STATES RULE When partial payments have been made, apply the payment, in the first place, to the discharge...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... | |
 | 1901 - 620 pages
...this: " \Vhen partial payments have been made, apply the payment, in the Hrst place. to the discharging of the interest then due. If the payment exceeds the interest, the surplus goe* towards discharging the principal, and the subsequent interest is to be computed on the balance... | |
 | International Correspondence Schools - 1903 - 650 pages
...payment, and the balance, if any, applied upon the principal." The rule for casting interest, when 'partial payments have been made, is to apply the...discharge of the interest then due. If the payment exceed the interest, the surplus goes toward discharging the principal, and the subsequent interest... | |
 | Abraham Clark Freeman - 1903 - 1144 pages
...Chancellor Kent to be as follows: "The rule for casting interest when partial payments have been made, U to apply the payment, in the first place, to the discharge...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... | |
 | Joseph Ray - 1903 - 366 pages
...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...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... | |
 | John Williston Cook, Nebraska C. Cropsey - 1903 - 408 pages
...payments have been made. It is called THE UNITED STATES RULE. I. The rule for casting interest, when partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due. II. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
 | Abraham Clark Freeman - 1903 - 1132 pages
...computing interest, it is stated by Chancellor Kent to be as follows: "The rule for casting interest when partial payments have been made, is to apply the payment, in the first place, to the discharge of tho interest then due. If the payment exceeds the interest, the surplus goes toward discharging the... | |
 | Edward Voigt, Charles Voigt - 1904 - 836 pages
...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...the payment exceeds the interest, the surplus goes toward the discharge of the principal, and the subsequent interest is to be computed on the balance... | |
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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 toward discharging the principal, and the... 
