 To govern the final settlements in such transactions, the United States Supreme Court decreed that Partial payments of notes must first be used to cancel the interest due. Any balance remaining may be used to lessen the principal. If, however, the payment...  Junior High School Mathematics - Page 184by Edson Homer Taylor, Fiske Allen - 1919Full view - About this book
 | Gordon Augustus Southworth - Arithmetic - 1895 - 330 pages
.../<JOO, , be*. 3/, The Supreme Court of the United States has decreed that, — Partial payments of notes must first be used to cancel the interest due....balance remaining may be used to lessen the principal. 1. Who puts these indorsements on the note ? 2. Will ai y other receipt be requested for the $200 paid... | |
 | Gordon Augustus Southworth, John Charles Stone - Arithmetic - 1904 - 334 pages
...a third person ? The Supreme Court of the United States has decreed that : — Partial payments of notes must first be used to cancel the interest due....balance remaining may be used to lessen the principal. This decree gives what is called "The United States Rule." Sometimes other rules are used. If your... | |
 | John Charles Stone - Business mathematics - 1908 - 266 pages
...settlements in such transactions, the United States Supreme Court decreed that Partial payments of notes must first be used to cancel the interest due....represent more than the money actually and previously due. PROBLEMS. 1. What is due Jan. 16, 1908, on a note of $1600 drawing 6$ interest, given May 3, 1904,... | |
 | John Charles Stone - Business mathematics - 1908 - 266 pages
...too small to pay the interest clue, the unpaid interest must not be used to increase tlieprincipal, which must never represent more than the money actually and previously due. PROBLEMS. 1. What is due Jan. 16, 1908, on a note of $1600 drawing Q% interest, given May 3, 1904,... | |
 | John Charles Stone, James Franklin Millis - Arithmetic - 1910 - 440 pages
...settlements in such transactions, the United States Supreme Court decreed that — Partial payments of notes must first be used to cancel the interest due....represent more than the money actually and previously due. NOTE. — It is customary in partial payment notes to indorse the payments on the back of the note... | |
 | John Charles Stone, James Franklin Millis - Arithmetic - 1911 - 272 pages
...settlements in such transactions, the United States Supreme Court decreed that — Partial payments of notes must first be used to cancel the interest due....remaining may be used to lessen the principal. If, hoivever, the payment is too small to pay the interest due, the unpaid interest must not be used to... | |
 | John Charles Stone, James Franklin Millis - Arithmetic - 1917 - 352 pages
...To govern the final settlements in such transactions, the United States Supreme Court decreed that : the interest due, the unpaid interest must not be...represent more than the money actually and previously due. PROBLEMS 1. What is due Jan. 16, 1918, on a note of $1600 drawing 6 % interest, given May 3, 1914,... | |
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