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Law · Q296

Indian Contract Act

Graduate and Post Graduate · Law · question 296

Q296

A debtor owes several distinct debts to the same creditor and he makes a payment which is insufficient to satisfy all the debts. In such a case, a question arises as to which particular debt the payment is to be appropriated. Which sections of the Contract Act provides an answer to this question?

A.
Section 10 to 12
B.
Section 22 of 31
C.
Section 55 to 60
D.
Section 59 to 61
Answer

Answer: Option D

Solution

Answer: Option D
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