 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 the...  Michigan Reports: Cases Decided in the Supreme Court of Michigan - Page 191by Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1891Full view - About this book
 | Nicolas Pike - Arithmetic - 1822 - 536 pages
...when partial payments hare kern mailf1, is to apply the payment, in the first place, to the dinebarge of the interest then due. If the payment exceeds the...the surplus goes towards discharging the principal, aud the subsequent interest is to be computed on the balance of principal remaining due. If the payment... | |
 | Nicolas Pike - Arithmetic - 1822 - 562 pages
...when partial payments have iiertj made, is ID apply the payment, in the firct place, to the disrharge of the interest then due. If the payment exceeds the interest, the surplus goes to wan!? discharging the principal . and the subsequent interest is to be computed on the balance of... | |
 | Murray Hoffman - Equity pleading and procedure - 1824 - 472 pages
...applied in discharge of the interest then due. If tho payment exceeds the interest, the surplus goei towards discharging the principal, and the subsequent interest is to be computed on the balance of principal due. If the payment be IB-IS than the interest, the surplus interest. must not be taken to... | |
 | William Ruger - Arithmetic - 1832 - 282 pages
...where 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...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the Interest, the surplus of Interest must not... | |
 | Lyman Cobb - Arithmetic - 1832 - 228 pages
...where 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 toward discharging the principal, and the subsequent interest is to be computed on the balance of principal... | |
 | John Preston - Arithmetic - 1834 - 312 pages
...JACKSON. When part payments have been made, apply the payment in the first place, to the discharge of the interest then due. If the payment exceeds the...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Frederick Emerson - Arithmetic - 1834 - 300 pages
...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...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | Indiana. Supreme Court, Isaac Newton Blackford - Law reports, digests, etc - 1836 - 550 pages
...where 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...subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not... | |
 | George Willson - Arithmetic - 1836 - 202 pages
...decision, the method of casting interest is, to " apply the payment in the first place to the discharge of the interest then due. If the payment exceeds the...principal, and the subsequent interest is to be computed nn the balance of principal remaining due. If the payment be less than the interest, the surplus of... | |
 | Lyman Cobb - Arithmetic - 1836 - 228 pages
...where 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 toward discharging the principal, nnd the subsequent interest is to be compiled on the balance of principal... | |
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