 | 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 - Law reports, digests, etc - 1891 - 780 pages
...less than the interest, the surplus of interest must not be taken to augment the principal, but the interest continues on the former principal until the...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 - Arithmetic - 1852 - 320 pages
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...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 - Arithmetic - 1853 - 622 pages
...on the balance of principal remaining due. " If the payment be less than the interest, the surplus must not be taken to augment the principal; but interest...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,... | |
 | Charles D. Lawrence - Arithmetic - 1854 - 336 pages
...computed on the balance of principal remaining due. If the payment be less than the interest. the surplus of interest must not be taken to augment the principal...towards discharging the principal ; and interest is computed on the balance, as aforesaid." This rule has been adopted by Massachusetts, New York, and... | |
 | Horatio Nelson Robinson - Arithmetic - 1854 - 306 pages
...when 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." Rule 3d, which follows, is one adopted by the Supreme Court of the State of Connecticut,... | |
 | George Roberts Perkins - Arithmetic - 1855 - 388 pages
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...principal ; and interest is to be computed on the balance, as aforesaid." The above rule has been adopted by New York, Masso* From a Latin phrase. in dorso, meaning... | |
 | Noble Heath - 1855 - 468 pages
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...principal, and interest is to be computed on the balance, as aforesaid." NEW TOKK, July 8, 1850. For value received, I promise to pay Hyacinthe Peugnet, or order,... | |
 | James Bates Thomson - Arithmetic - 1855 - 436 pages
...remaining due. HI. "If the payment be less than the interest, the surplus of Merest must not be taJcen to augment the principal ; but interest continues...together, exceed the interest due, and then the surplus •tstobe applied towards discharging the principal ; and interest is to fe computed on the balance... | |
 | John Fair Stoddard - Arithmetic - 1856 - 312 pages
...on the balance of the principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal;...principal ; and interest is to be computed on the balance, as aforesaid." $860. BETHANY, Sept. 8th, 1850. [1.] On demand, I promise to pay Thomas Brooking, or... | |
 | Noble Heath - Arithmetic - 1856 - 472 pages
...computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal...principal, and interest is to be computed on the balance, as aforesaid." NEW TOTIK, July 8, 1850. For value received, I promise to pay Hyacinthe Peugnet, or... | |
| |
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... 
