 | John Fair Stoddard - Arithmetic - 1856 - 312 pages
...interest on notes, and other obligations, where partial payments have been made, is as follows : — " Apply the payment, in the first place, to the discharge of the interest then due. If the payment exceed the interest, tht surplus goes towards discharging the principal, and the subsequent... | |
 | Noble Heath - Arithmetic - 1856 - 472 pages
...•' The rule for casting interest, when partial payments have been wade, is to apply the payments, 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... | |
 | Pliny Earle Chase - Arithmetic - 1857 - 338 pages
...study carefully the Court rule, which is thus expressed by Chancellor Kent: — " The rule for casting interest, when partial payments have been made, is...place, to the discharge of the interest then due. " If the payment exceeds the interest, the surplus goes towards discharging the principal, and the... | |
 | Daniel Leach - 1857 - 314 pages
...have been endorsed on them : - — RULE. " The rule for casting interest, when partial payments /iave 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 the .subsequent... | |
 | William H. R. Wood - Law - 1857 - 834 pages
...interest at the statute rate, or ten per cent. per annum. Id. 5. " The rule for casting interest where .D. Valentine & Son digeharge of the interest then due; if the payment exceeds the interest, the surplus goes towards discharging... | |
 | Joseph Ray - Arithmetic - 1857 - 348 pages
...U. States, is regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. li When partial payments have been made, apply the payment, in the first place, to the discharge of the interest then due. " If the payment exceeds the Int., the surplus goes toward discharging the principal, and the subsequent... | |
 | James Bates Thomson - Arithmetic - 1860 - 440 pages
...interest adopted by the Supreme Court of the United States, is the following. I. " The rule for casting interest, when partial payments have been made, is...to the discharge of the interest then due. II. " If tJte payment exceeds Ike interest, the surplus goes towards discharging the principal, and the subsequent... | |
 | David Price Belknap - Forms (Law) - 1860 - 778 pages
...prescribed in the case of Bacchus v. Minor, 3 Cal., 231, as follows: The rule for casting interest where partial payments have been made, is, to apply 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... | |
 | James De Fremery - Mortgages - 1860 - 118 pages
...Packard, Admin., October T., 1859. b It may be here stated that the rule for casting interest, where partial payments have been made. is to apply the payment...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... | |
 | Iowa. Supreme Court - Law reports, digests, etc - 1860 - 688 pages
...John. Ch. 13 ; and is this : " When partial payments have been made, such payments are to be applied, 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... | |
| |
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... 
