Question
As per the Contract Act where should the payment be
applied in case the debt to be discharged is indicated by the debtor either with express intimation, or under circumstances implying its application?Solution
Section 59.  Application of payment where debt to be discharged is indicated: Where a debtor, owing several distinct debts to one person, makes a payment to him, either with express intimation, or under circumstances implying, that the payment is to be applied to the discharge of some particular debt, the payment, if accepted, must be applied accordingly.
Recently the Union Home Minister Shri Amit Shah inaugurated the 120 feet tall polo statue in which of the following states of India?
Which bank has launched the “Vigil Aunty” to promote secure banking practices?
Nirmala Mishra passed away on 31st July, she was a renowned______?
What new benchmark has the RBI proposed to replace MIBOR for the interest rate derivatives market?
When is World Cerebral Palsy Day celebrated every year?Â
The period of the First Five-Year Plan in India was:
Which financial institution paid Rs 857 crore dividend to the government for FY24?
Number of bones in adult human body are?
Which initiative aims to enable instant cross-border retail payments by interlinking domestic fast payments systems of ASEAN countries and India?
What is the name of the world's first wooden satellite set to be launched by NASA and JAXA?
