| 1919
...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...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... | |
| 1919
...1184. 5. The rule for casting interest, where partial payments have been made, 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 a balance of principal... | |
| 1923
...applied first on Interest due and remainder OB principal. Where partial payments are made, the rule **is to apply the payments in the first place to the discharge of the interest then due** and the remainder on the principal. 4. Interest <e=»23— Method of figurine after maturity Interest,... | |
| North Dakota. Supreme Court, Edgar Whittlesey Camp, Robert Dimon Hoskins, John McDowell Cochrane, Joseph Coghlan, Robert Milligan Carothers, Ames Francis Wilbur, Hiram A. Libby, Edwin James Taylor - 1921
...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...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... | |
| United States. Supreme Court - 1883
...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 surplus goes towards discharging the principal, and the subsequent interest... | |
| Joseph Ray - 1857 - 320 sider
...regarded THE LEGAL RULE FOR PARTIAL PAYMENTS. " 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 Int. is to be computed... | |
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