Indian Contract Act,1872

Act No : 9

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Section : Performance in manner or at time prescribed or sanctioned bypromisee

50. Performance in manner or at time prescribed or sanctioned bypromisee.-The performance of any promise may be made in any manner, orat any time which the promisee prescribes or sanctions. Illustrations (a) B owes A 2,000 rupees. A desires B to pay the amount to A'saccount with C, a banker. B, who also banks with C, orders the amountto be transferred from his account to A's credit, and this is done byC. Afterwards, and before A knows of the transfer, C fails. There hasbeen a good payment by B. (b) A and B are mutually indebted. A and B settle an account bysetting off one item against another, and B pays A the balance foundto be due from him38upon such settlement. This amounts to a payment by A and B,respectively, of the sums which they owed to each other. (c) A owes B 2,000 rupees. B accepts some of A's goods inreduction of the debt. The delivery of goods operates as a partpayment. (d) A desires B, who owes him Rs. 100, to send him a note forRs. 100 by post. The debt is discharged as soon as B puts into thepost a letter containing the note duly addressed to A. Performance of reciprocal promises

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