Section 60 Indian Contract Act 1872
Section 60 of the Indian Contract Act 1872 is about Application of payment where debt to be discharged is not indicated. It is under “Appropriation of payments” of CHAPTER IV of the Act. CHAPTER IV is titled OF THE PERFORMANCE OF CONTRACTS.
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.
See also:
Section 59 Indian Contract Act 1872 (Application of payment where debt to be discharged is indicated)
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