Section 61 of ICA : Section 61: Application Of Payment Where Neither Party Appropriates

ICA

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Explanation using Example

Imagine Rahul has borrowed Rs. 10,000 from Priya in January, another Rs. 15,000 in March, and a further Rs. 20,000 in July. Rahul makes a payment of Rs. 10,000 to Priya in December without specifying which debt he is repaying...

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