 The rule for casting interest, when partial payments have been made, 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...  Higher Book - Page 192by William Seneca Sutton - 1896Full view - About this book
 | 1919 - 832 pages
...defendants.— Holtz v. Olds, 84 Or. 567, 164 Рас. 583, 1184. 5. 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... | |
 | Law reports, digests, etc - 1919 - 1092 pages
...payments are so made, the rule commonly known as the United States rule is generally applied. That 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 toward discharging the principal, and the subsequent... | |
 | Law reports, digests, etc - 1923 - 1210 pages
...rule announced In 22 Cyc. 1564: "Where partial payments are made the rule is to apply the payments in the first place to the discharge of the interest then due." AB to the other four notes, which provided for the payment of 8 per cent, per annum from date until... | |
 | Law reports, digests, etc - 1924 - 1064 pages
...payments, the rule was laid down In the case of Connecticut v. Jackson, 1 Johns. Ch. 17, In these words : '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... | |
 | Law reports, digests, etc - 1924 - 1210 pages
...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... | |
 | Law reports, digests, etc - 1926 - 1086 pages
...State of Connecticut v. Jackson, 1 Johns. Ch. (NY) 13, 7 Ann. Cas. 471. He stated the rule as follows: "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... | |
 | Law reports, digests, etc - 1926 - 1118 pages
...State of Connecticut v. Jackson, 1 Johns. Ch. (NY) 13, 7 Ann. Cas. 47L He stated the rule as follows: "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... | |
 | United States. Supreme Court - Law reports, digests, etc - 1883 - 1186 pages
...sufficient, see note to Moore v. Bank of Metropolis, ante,, 302. Intercut, the rule ofcalcvlatttmof. The rule for casting interest, when partial payments have been made, is to apply the payment, in theflrst place, to the discharge of the interest then due. If the payment exceeds1 the interest, the... | |
 | North Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - Court rules - 1921 - 758 pages
...payments are so made, the rule commonly known as the United States rule is generally applied. That 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 toward discharging the principal, and the subsequent... | |
 | 1925 - 1624 pages
...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... | |
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