Law · Legal Studies
Under Section 60 of the Indian Contract Act, 1872, what action can the creditor take if the debtor makes a payment but omits to specify or intimate which debt it should be applied to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The creditor must hold the payment in a suspense account until further notice
- 2The creditor may apply the payment at their discretion to any lawful debt actually due✓
- 3The creditor can reject the payment
- 4The creditor must return the payment
Correct answer
The creditor may apply the payment at their discretion to any lawful debt actually due
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