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Section 60, Contract Act 1872: Application Of Payment Where Debt To Be Discharged Is Not Indicated

Section 60 under the Chapter IV (Of the performance of contracts, Contracts which must be performed) of the Contract Act, 1872 of India - 'Application of payment where debt to be discharged is not indicated', is reproduced hereunder:—

“Where the debtor has omitted to intimate, and there are no other circumstances indicating to which debt the payment is to be applied, the creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limitation of suits.”

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