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