LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Indian Contract Act,1872

Act No : 9


Section : Application of payment where debt to be discharged is notindicated

60. Application of payment where debt to be discharged is notindicated.-Where the debtor has omitted to intimate and there are noother circumstances, indicating to which debt the payment is to beapplied, the creditor may apply it at his discretion to any lawfuldebt actually due and payable to him from the debtor, whether itsrecovery is or is not barred by the law in force for the time being asto the limitation of suits.


Read All Comments

Comments