| Waite A. Schoemaker - 1887 - 404 sider
...Indorsement. The interest upon such notes is computed by the United States Rule. The rule for easting **interest when partial payments have been made is to...the first place, to the discharge of the interest** due. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
| California. Supreme Court - 1888
...Chancellor Kent, in Connecticut v. Jackson, 1 John. Ch. 13. "The rule for casting interest," he says, **"when partial payments have been made, is to apply...then due. If the payment exceeds the interest, the** surplus goes towards discharging the principal, and the subsequent interest is to be computed on the... | |
| New York (State). Marine Court (New York), Daniel T. Robertson, Edward Jacobs - 1889
...376). The rule was laid down by Chancellor KENT as follows: " When partial payments have been made, **apply the payment, in the first place, to the discharge...then due. If the payment exceeds the interest, the** surplus goes toward discharging the principal, and the subsequent interest is to be computed on the... | |
| Henry Stanton Tiffany - 1890 - 76 sider
...Per cent. divide by 8 15 Per cent. divide by 24 18 Per cent, divide by 2 20 Per cent. divide by 18 **The rule for casting interest, when partial payments...then due. If the payment exceeds the interest, the** surplus goes towards discharging the principal, and the subsequent interest is to be computed on the... | |
| John Davison Lawson - 1890
...held the rule for casting interest, when partial payments have been made, to be, 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 interest is to be computed on the... | |
| Emerson Elbridge White - 1883 - 362 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... | |
| 1891
...principal. "The rule for canting interest," says Chancellor KENT, in State v. Jackson, 1 Johns. Ch. 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... | |
| 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... | |
| Leonard Augustus Jones - 1894
...amount to the time of rendering the decree.6 The rule for computing interest when a partial payment has **been made is to apply the payment in the first place to the** interest then due. This is sometimes called the Massachusetts or the United States rule, and was laid... | |
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