 If the payment exceeds the interest, the surplus goes towards discharging the principal, and 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...  Michigan Reports: Cases Decided in the Supreme Court of Michigan - Página 191por 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 - 1891Vista completa - Acerca de este libro
 | W. F. Walker - 1841 - 246 páginas
...towards discharging the principal, and the subsequent interest is to be computed on th& balance of principal remaining due. If the payment be less than...interest must not be taken to augment the principal; but interest continues ons the former principal, until the period when the payments taken together exceed... | |
 | George Roberts Perkins - 1841 - 274 páginas
...towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than...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... | |
 | William Ruger - 1841 - 268 páginas
...towards discharging the-principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than...interest must not be taken to augment the principal, but interest continues on the former principal until the period When the pSynlents, taken together, exceed... | |
 | Esek Cowen - 1841 - 698 páginas
...§9, 10;andvid. id. 51. ant«, 194, 262, 3. (p) 2 John. 235. 17 id.511. (j) 3 Cowen, 86, 87.(note.) 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... | |
 | Jeremiah W. Blydenburgh - 1844 - 364 páginas
...towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due. If the payment be less than the interest, the surplus interest must not be added to the principal ; but the interest continues on the former principal, until... | |
 | Horatio Nelson Robinson - 1845 - 310 páginas
...towards discharging the principal, and the subsequent, interest is to be computed on the balance of principal remaining due. If the payment be less than...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... | |
 | Isaac A. Clark - 1846 - 218 páginas
...SECOND METHOD. The method laid down by CHANCELLOR KENT, is to apply the payment in the first place to the interest then due. If the payment exceeds the...the payment be less than the interest, the surplus interest must not be taken to augment the principal; but interest continues on the former principal... | |
 | George Roberts Perkins - 1846 - 266 páginas
...towards discharging the principal, and the subsequent interest is to be computed on the balance of principal remaining due.. If the payment be less than...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... | |
 | James Bates Thomson - 1846 - 402 páginas
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus...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... | |
 | James Bates Thomson - 1846 - 354 páginas
...principal, and the subsequent interest is to be computed on the balance of principal remaining due. III. If the payment be less than the interest, the surplus...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... | |
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