 | Joseph Ray - 1857 - 348 pages
...payment be less than the Int., the surplus of Int. must not be taken to augment the principal, but Int. continues on the former principal, until the period when the payments, taken it/aether, exceed the Int. due, and then the surplus is to be applied toward discharging the principal;... | |
 | Silas Lawrence Loomis - 1859 - 324 pages
...principal remaining due." III. "If the payment be less than the interest, the surplus of the interest must not be taken to augment the principal, but interest...be applied towards discharging the principal, and the interest is to be computed on the balance as aforesaid." — Chancellor Kent. 291. This may be... | |
 | James Bates Thomson - 1860 - 440 pages
...of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...towards .discharging the principal ; and interest it to be computed on the balance as aforesaid." Note. — The above rule is adopted by New Ynrk, MnssacJiiisetb,... | |
 | Iowa. Supreme Court - 1860 - 688 pages
...interest, the surplus of interest must not be taken to augment the principal, but interest continues upon the former principal until the period when the payments,...interest is to be computed on the balance, as aforesaid." This rule is adopted in Dean v. Williams, 17 Mass. 417 ; Williams v. Houghlaling, 3 Cowen 87, and is... | |
 | Horatio Nelson Robinson - 1860 - 444 pages
...less than the interest the surplus of the interest must be taken to augment the principal, but the interest continues on the former principal until the...be applied towards discharging the principal, and the . interest is to be computed on the balance as aforesaid." — Decision of Chancellor Kent. This... | |
 | James De Fremery - 1860 - 118 pages
...principal sum remaining unpaid. If the payment be less than the interest due, the surplus of interest must not be taken to augment the principal, but interest...payments, taken together, exceed the interest due. Connecticut v. Jackson, 1 Johns. Chan. Rep. p. 13. This rule prevails unless changed by agreement of... | |
 | Emerson Elbridge White - 1861 - 348 pages
...balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal ; but interest...until the period when the payments taken together equal or exceed the interest due, and then the surplus is to be applied toward discharging the principal,... | |
 | James Bates Thomson - 1862 - 436 pages
...principal remaining due. III., " If the payment be less than the interest, the surplus nj interest must not be taken to augment the principal ; but interest...then the surplus is to be applied towards discharging tJie principal ; and interest it to.lie computed on the balance as aforesaid." Jfnte. — The above... | |
 | James Bates Thomson - 1862 - 428 pages
...of principal remaining due. III. " If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest...together, exceed the interest due, and then the surplus w to be applied towards discharging t/ie principal; and interest it to be computed on the balance as... | |
 | Benjamin Vaughan Abbott, Austin Abbott - 1864 - 790 pages
...balance of principal remaining due. If the payment be less than the interest, the surplus of interest must not be taken to augment the principal, but interest...principal; and interest is to be computed on the balance. Chancery, 1814, State of Connecticut t>. Jackson, 1 John*. Ch., 13. But compare Stoughton «. Lynch,... | |
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If the payment be less than the interest, the surplus of interest must not be taken to augment the principal; but interest continues on the former principal until the period when the payments, taken together, exceed the interest due, and then the surplus... 
