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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... "
The Business Man's Encyclopedia: A Hip-pocket Business Counsellor ... - Page 263
1905
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Digest of the Laws of California: Containing All Laws of a General Character ...

William H. R. Wood - 1857 - 834 pages
...interest, the surplus of interest must not be taken to augment the principal, but interest continues on the lentine & Son Backus v. Minor, 3 Cal. '¿31. 6. Where an account has been stated by plaintiff, charging Interest...
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Normal Arithmetic: A Text-book, Theoretical and Practical, in Six Parts ...

Silas Lawrence Loomis - 1859 - 324 pages
...the surplus of the interest must not be taken to augment the principal, but interest continues on the former principal until the period when the payments,...be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Chancellor Kent. 291. This may be...
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Reports of Cases in Law and Equity, Determined in the Supreme ..., Volume 9

Iowa. Supreme Court - 1860 - 688 pages
...the surplus of interest must not be taken to augment the principal, but interest continues upon the former principal until the period when the payments,...principal, and interest is to be computed on the balance, as aforesaid." This rule is adopted in Dean v. Williams, 17 Mass. 417 ; Williams v. Houghlaling, 3...
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Higher Arithmetic : Or, The Science and Application of Numbers: Combining ...

James Bates Thomson - 1860 - 440 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,...towards .discharging the principal ; and interest it to be computed on the balance as aforesaid." Note. — The above rule is adopted by New Ynrk, MnssacJiiisetb,...
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The Progressive Higher Arithmetic, for Schools, Academies, and Mercantile ...

Horatio Nelson Robinson - 1860 - 444 pages
...the surplus of the interest must be taken to augment the principal, but the interest continues on the former principal until the period when the payments,...be applied towards discharging the principal, and the . interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent. This...
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Mortgages in California: A Practical Essay

James De Fremery - 1860 - 118 pages
...due, 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. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of...
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Bancroft's California Lawyer and Book of Forms: Containing Instructions for ...

David Price Belknap - 1860 - 778 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 taken together exceed the interest due. Where an account has been stated by plaintiff, charging interest on both the debt and payments, and...
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Bryant and Stratton's Commercial Arithmetic: In Two Parts. Designed for the ...

Emerson Elbridge White - 1861 - 348 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 be applied toward discharging the principal, and interest is to be computed on the balance as aforesaid. This...
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Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

James Bates Thomson - 1862 - 436 pages
...the surplus nj interest must not be taken to augment the principal ; but interest continues on the former principal until the period when the payments,...then the surplus is to be applied towards discharging tJie principal ; and interest it to.lie computed on the balance as aforesaid." Jfnte. — The above...
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Higher Arithmetic, Or, the Science and Application of Numbers: Combining the ...

James Bates Thomson - 1862 - 428 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,...together, exceed the interest due, and then the surplus w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as...
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