47 Ga. App. 718 | Ga. Ct. App. | 1933
1. “When a payment is made upon any debt, it shall be applied first to the discharge of any interest due at the time .(italics ours), and the balance, if any, to the reduction of the principal.” Civil Code (1910), § 3433.
2. “When a payment is made by a debtor to a creditor holding several demands against him, the debtor has the right to direct the claim to which it shall be appropriated. If he fails to do so, the creditor has the right to appropriate at his election. (Italics ours.) If neither exercises this privilege, the law will direct the application in such manner as is reasonable and equitable, both as to parties and third persons.” Civil Code (1910), § 4316.
3. In the instant case when the payment was made by the debtor, no interest was then due on the principal of the debt, and the debtor did not direct that the payment be applied to any particular claim. It follows that the creditor had the right to apply the payment to the reduction of the principal of the debt. Moreover, under the facts of the case, such an application was more beneficial to the debtor than if the payment had been applied to the discharge of the interest on the debt.
4. A ground of the motion for a new trial is as follows: “Because no verdict was returned on the original plea in abatement as amended aver
5. The verdict directed by the court was demanded by the evidence, and the special grounds of the motion for a new trial show no cause for another hearing of the case.
Judgment affirmed.