| Horatio Nelson Robinson - 1895 - 506 sider
...interest when partial payments have been made, the Supreme Court of the United States has decided that : " **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... | |
| 1896
...contained in the decision of Chancellor Kent in the case of Connecticut v. Jackson, 1 Johns. Ch. 13, and is **as follows: "The rule for casting interest when partial...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
...the amount then paid. 264. The following, in the words of its author, is the UNITED STATES BULE. 1. " **The rule for casting interest when partial payments...place, to the discharge of the interest then due.** 2. . " If the payment exceeds the interest, the surplus goes toward discharging the principal, and... | |
| James Schouler - 1896
...well-known rule of Chancellor Kent, which the courts of this country have commonly recognized : namely, **to apply the payment in the first place to the discharge...interest then due ; if the payment exceeds the interest,** to carry the surplus towards discharging the principal, and compute the subsequent interest on the... | |
| Abraham Clark Freeman - 1897
...opinion of Chancellor Kent in the case of Connecticut v. Jackson, 1 Johns. Ch. 13, 7 Am. Dec. 471, and is **as follows: "The rule for casting interest, when partial...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... | |
| Abraham Clark Freeman - 1897
...for computing interest. Hence, when partial payments have Ijeen made, the rule for casting interest **is to apply the payment, In the first place, to the...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... | |
| Eugene L. Dubbs - 1901 - 440 sider
...and by almost all the states of the Union. UNITED STATES RULE 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... | |
| 1903
...interest accrued to the date of such payment, and the balance, if any, applied upon the principal." **The rule for casting interest, when 'partial payments...discharge of the interest then due. If the payment** exceed the interest, the surplus goes toward discharging the principal, and the subsequent interest... | |
| Oscar Lynn Kelso - 1903 - 274 sider
...Reports, p. 209. The language of Chancellor Kent is as follows : " The rule for casting interest where **partial payments have been made is to apply the payment...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 Williston Cook, Nebraska C. Cropsey - 1903 - 327 sider
...any time of notes upon which partial payments have been made. It is called THE UNITED STATES RULE. I. **The rule for casting interest, when partial payments...place, to the discharge of the interest then due.** II. If the payment exceeds the interest, the surplus goes toward discharging the principal, and the... | |
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