Section 60
Application of payment where debt to be discharged is not indicated
Chapter 5: Of the performance of contracts
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.
The Indian Contract Act, 1872 (Act No. 9 of 1872). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 57Reciprocal promise to do things legal, and also other things illegal
- 58Alternative promise, one branch being illegal
- 59Application of payment where debt to be discharged is indicated
- 61Application of payment where neither party appropriates
- 62Effect of novation, rescission, and alteration of contract
- 63Promisee may dispense with or remit performance of promise