...by... 2 9 per cent divide by 4 20 per cent divide by... 18 The rule for casting interest, when the partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...hundred years ago in Connecticut v. Jackson, 1 Johns. Ch. 17, 7 Am. Dec. 471. It was stated as follows: "The rule for casting interest when partial payments...first place to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...(Tenn.) 238; Margarity v. Shipman. 82 Va., 784. Jones-Downes Co. v. Chandler. RM TURNER, for appellee. The rule for casting interest, when partial payments...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...the United States, as also by several other States, is hence termed tbe United States System. I.— The rule for casting interest when partial payments have been made, is to apply the payment, in tbe first place, to the discharge of the interest due. II. — If the payment exceeds the interest,...

...sufficient, see note to Moore v. Bank of Metropolis, ante, 172. Interest, the rule of calculation of. The rule for casting Interest, when partial payments...place, to the discharge of the Interest then due. If the payment exceeds the Interest, the surplus goes towards discharging the principal, and the subsequent...

...that laid down in the leading case of Connecticut v. Jackson; 484 in which Chancellor Kent said that the rule for casting interest, when partial payments...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...sanctioned by the decisions or statutes of most of the states, and commonly known as the United States rule, is to apply the payment, in the first place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...rule for the computation of partial payments was enunciated in an early case as follows: "The rule of casting interest, when partial payments have been...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes towards discharging the principal, and the subsequent...

...rule. 2. The formula prescribed by Chancellor Kent reads thus: "The rule for casting interest, where partial payments have been made, is to apply the payment,...place, to the discharge of the interest then due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the subsequent...

...Payments; Account Due. — In applying partial payments to an interest bearing debt which is due, the rule is to apply the payment, in the first place, to the discharge of the interest then due.3 If the payment exceeds the interest, the surplus goes toward discharging the principal,* and...