Start learning →

A debtor owing several debts pays and indicates which one. How is the payment applied?

AAs the debtor said
BAs the creditor chooses
CTo the oldest debt
DIn equal parts to all
Answer & Solution
Correct answer: A. As the debtor said
Section 59 binds an accepting creditor to apply payment to the debt the debtor intimated.
Practise this question with Quill — CA Foundation →

Keep practising Performance of Contract

Browse all Performance of Contract questions for CA Foundation, or explore more Businesslaw topics.

Start a Performance of Contract lesson →
Related questions