Question
Where should the payment be applied in case the debt to
be discharged is not indicated as per the provisions laid down under the Contract Act?Solution
Contract Act Section 60. Application of payment where debt to be discharged is not indicated: 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
Law of diminishing returns only applies to cases where
As per the Economic survey 2023-24, what has been identified as a major challenge for India's business services sector in the future?
Longevity is proxy for ---- in the Human Development Index?
Within a country, the domestic price of a product will equal the world price if
 If r xy = 0, then:
Refer to the below table
What is the tota...
Under nominal wage rigidity, the short run aggregate supply schedule will beÂ
According to the Romer model, if the stock of ideas increases by 15 %, how much will output per worker increase when all else is equal?
...The process of converting securities (like shares) from physical form to electronic form is managed by a:
What is the primary theme of India’s Union Budget 2024-25?"
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