| New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889
...laid down by Chancellor KENT as follows: " When partial payments have been made, apply the payment, **in the first place, to the discharge of the interest...the payment exceeds the interest, the surplus goes** toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
| Emerson Elbridge White - 1883 - 360 sider
...UNITED STATES RULE. Tf7ien partial payments have been made, apply the payment, in the ßrst piare, **to the discharge of the interest then due. If the payment EXCEEDS the interest, the surplus goes** tolrard discharging the principal, and the subsequent interest is to be computed on the balance of... | |
| 1891
...13, "when partial payments have been made, is to apply the payment in the first place to thedischarge **of the interest then due. If the payment exceeds the interest, the surplus goes** towads discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
| John Edward King - 1891 - 224 sider
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied **in the first place to the discharge of the interest then due.** The balance of the payments is applied to the discharge of the principal. 472. Find the amount due... | |
| 1893
...payments nor interest shall bear interest, and when payments have been made the payment shall be applied **in the first place to the discharge of the interest then due.** The balance of the payments is applied to the discharge of the principal. EXAMPLES. 472. Find the amount... | |
| James Schouler - 1896
...Chancellor Kent, which the courts of this country have commonly recognized : namely, to apply the payment **in the first place to the discharge of the interest then due ; if the payment exceeds the interest,** to carry the surplus towards discharging the principal, and compute the subsequent interest on the... | |
| John Williston Cook, Nebraska C. Cropsey - 1896 - 393 sider
...made, is to apply the payment, in the /Irst place, to the discharge of the interest t ht- ч due. II. **If the payment exceeds the interest the surplus goes towards discharging the principal, and** tin- subsequent interest is to be computed on the balance of principal remaining due. III. // the payment... | |
| 1896
...follows: "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** payments exceed the interest, the surplus goes towards discharging the principal, and the subsequent... | |
| William Seneca Sutton - 1896
...BULE. 1. " 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.** 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and... | |
| Abraham Clark Freeman - 1897
...Hence, when partial payments hare been made, the rule for casting Interest is to apply the payment, **in the first place, to the discharge of the Interest...the payment exceeds the interest, the surplus goes** toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
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