Case ID: del-cas_1/html/0444-01.html
Source: Caselaw Access Project
Author: {"author": "Per Curiam.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

VIRDIN’S ADMINISTRATOR v. POLK’S ADMINISTRATOR.
    Supreme Court. Sussex.
    October, 1797.
    
      Bayard’s Notebook, 204.
      
    
    
      
      Bayard for plaintiff. Wilson for defendant.
    
      
       This case is also reported in Wilson’s Red Book, 141.
      
    
   Per Curiam.

We have never had any doubt of the right of a creditor to apply any money paid to him to the payment of the interest due at the time, whether the year be expired or not. A creditor is not bound to receive a partial payment. If he does, it is a favor or accommodation to the debtor, and the creditor must not be put in a worse situation than if the whole debt had been paid. We consider that interest accrues and is due from day to day, and therefore that a creditor has a strict right to pay the interest accrued in the first place, at any time when a payment is made. And we apprehend the case is the same where interest is reserved and payments are made before the principal is due.