Where a debtor owing several distinct debts to one person makes a payment to him either with express...........

Indian Contract Act (ICA)1872 Performance of a Contract

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

must be applied in the manner specified under the contract

must be applied in the manner specified by the creditor

None of the above

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Explanation:

Section 59 –
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.