 | Thomas Rainey - 1849 - 334 pages
...the payments, taken together, exceed 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." A. gave to B. his note for 12,000 dollars; at the expiration of three months he paid... | |
 | George Roberts Perkins - 1850 - 364 pages
...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...principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* From a Latin phrase, in darso, meaning... | |
 | Benjamin Naylor - 1850 - 334 pages
...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...principal, and interest is to be computed on the balance as aforesaid. 1. $300. Philadelphia, May 1, 1842. For value received, I promise to pay James Thornton,... | |
 | George Roberts Perkins - 1850 - 356 pages
...interest continues on the former principal until the period when the payments, taken together, equal or exceed the interest due, and then the surplus is to...the principal , and interest is to be computed on tilt balance, as aforesaid." UTICA, May 16, 1839. 1. For value received, I promise to pay AB, or order,... | |
 | Daniel Leach - 1851 - 280 pages
...the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the period when the payments,...principal, and interest is to be computed on the balance, as aforesaid" PROVIDENCE, April 12, 1840. 75. For value received, I promise to pay to James Fenner,... | |
 | George Roberts Perkins - 1851 - 356 pages
...the surplus of interest must not IK; taken to augment the principal; but interest continues on the former principal until the period when the. payments...principal; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Massa* ehusetts, and by nearly all the... | |
 | 1852 - 780 pages
...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,...principal ; and interest is to be computed on the balance of principal, as aforesaid." The mercantile method, on the other hand, which derives its name from... | |
 | 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 pages
...the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the period when the payments,...principal, and interest is to be computed on the balance as aforesaid." This rule was adopted by this Court in Payne v. Avery, 21 Mich. 524, and is the rule... | |
 | John Fair Stoddard - 1852 - 320 pages
...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, and then t/te surplus is to be applied towards discharging the principal ; and interest is to be computed on... | |
 | Daniel Leach - 1853 - 622 pages
...the interest, the surplus must not be taken to augment the principal; but interest continues on the former principal until the period when the payments,...principal, and interest is to be computed on the balance, as aforesaid." PROVIDENCE, April 12, 1840. 75. For value received, I promise to pay to James Fenner,... | |
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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, and then the surplus... 
