 | Henry Stanton Tiffany - 1887 - 466 pages
...divide by 24 18 Per cent, divide by 2 20 Per cent, divide by 18 The rule for casting interest, when partial payments have been made, is to apply the payment,...exceed the interest due, and then the surplus is to applied towards discharging the principal, and interest is to be computed on the balance. Discount.... | |
 | James E. Ryan - 1877 - 212 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,...interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance as aforesaid."... | |
 | Joseph Ray - 1877 - 402 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,...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." —... | |
 | Joseph Ray - 1877 - 350 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." — KENT, CJ REM. — This rule is founded on the principle that neither interest nor... | |
 | Joseph Ray - 1880 - 420 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. 307. This rule is based upon the following principles: PRINCIPLES. — 1. Payments must... | |
 | Horatio Nelson Robinson - 1875 - 472 pages
...surplus of interest must not be taken to augment the principal, but the inte.. rest 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... | |
 | Emerson Elbridge White - 1883 - 368 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,...interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid.... | |
 | Emerson Elbridge White - 1883 - 374 pages
...taken to augment the principal, but interest continues on the, former principal until the period ivhen the payments, taken together, exceed the interest due, and then the surplus is to be applied toward discharging the principal, and the interest is to be computed on the balance, as aforesaid.... | |
 | 1883 - 994 pages
...the surplus of interest must not be t:ik>?n to augment the principal, but Interest continues on the former principal until the period when the payments, taken together, exceed the intere>t due. and then the surplus is to be applifid towards discharging the principal, and the Interest... | |
 | 1917 - 1232 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,...the principal, and interest is to be computed on the balmier. State of Connecticut v. Jackson, 1 Johns. Ch. (NY) 13 [7 Am. Dec. 4711: Van-Renschooten v.... | |
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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... 
