 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...  Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
 | Theodore Sedgwick - Damages - 1912 - 870 pages
...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...interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid.485... | |
 | Michigan. Attorney General's Office - 1914 - 906 pages
...principal, and the subsequent interest is to be computed on the balance of the principal remaining due. If the payment be less than the interest, the surplus...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid.' This... | |
 | William Mark McKinney - Law - 1917 - 1204 pages
...less than the interest, the surplus of the interest must not be taken to augment the principal; but interest continues on the former principal until the...interest due, and then the surplus is to be applied towards discharging the principal, and interest is to be computed on the balance as aforesaid.6 A few... | |
 | New York (State) - Law - 1917 - 360 pages
...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...interest due, and then the surplus is to be applied towards discharging the principal; and interest is to be computed on the balance, as aforesaid." Connecticut... | |
 | Oregon. Supreme Court, William Wallace Thayer, Joseph Gardner Wilson, Thomas Benton Odeneal, Julius Augustus Stratton, William Henry Holmes, Reuben S. Strahan, George Henry Burnett, Robert Graves Morrow, James W. Crawford, Frank A. Turner, Bellinger, Charles Byron - Law reports, digests, etc - 1917 - 830 pages
...less than the interest, the surplus of the interest must not be taken to augment the principal; but interest continues on the former principal until the...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance aa aforesaid.... | |
 | Law reports, digests, etc - 1917 - 1336 pages
...is 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, tnken together, exceed the interest due, and then the surplus is to be applied towards discharging... | |
 | William Mark McKinney, Burdett Alberto Rich - Law - 1918 - 1564 pages
...interest, the balance of interest is not to be added to the principal so as to produce interest,0 but interest continues on the former principal until the...exceed the interest due, and then the surplus is to bo applied toward discharging the principal, and interest is to be computed on the balance as aforesaid.7... | |
 | 1919 - 832 pages
...less than the interest, 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, taken together, ex6eed the interest due, and then the earplug ie to be applied toward discharging the principal, and... | |
 | William Mark McKinney - Law - 1918 - 1444 pages
...interest, the balance of interest is not to be added to the principal so as to produce interest,' but interest continues on the former principal until the...to be applied toward discharging the principal, and interest is to be computed on the balance as aforesaid.' This is the most general rule, and in some... | |
 | Kenneth Farwell Burgess, James A. Lyons - Commercial law - 1921 - 410 pages
...less than the interest, the surplus of the interest must not be taken to increase the principal; but interest continues on the former principal until the...be applied toward discharging the principal ; and interest is to be computed thereafter on the balance. "f * The student must bear in mind that the forbearance... | |
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