Tag (SQ): Payment Application

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  • 1 Marks

BCL – L1 – SA – Q52 – Contract Law

How a creditor applies payment when debtor's intention is unclear.

Where the debtor does not expressly intimate or where the circumstances attending on a payment do not indicate any intention, the creditor

A   may apply it to any lawful debt due.

B   May apply it even to a time barred debt.

C   Both A and B

D   None of the above

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