If neither the debtor nor the creditor appropriates the payment, the payment will be appropriated:

Related MCQs

• Where there is an agreement to sell goods on the price fixed by a third party on valuation, but the third party refuses to do so, and the buyer appropriates part of the goods delivered to him.
• Mr. Kamal was levied Sales Tax on his forward transactions in bullion, which he paid. The levy of this tax was declared ultra vires. Mr. Kamal demanded refund on the amount of Sales Tax on the ground that payment was under a mistake of law. Which of the following is correct?
• An insurance company paid money by mistake on a policy which had lapsed. Though the company was not ignorant of the fact of the lapse, this was overlooked at the time of payment. Can the company recover the amount?
• Stipulations in a contract providing for enhanced rate of interest from date of default of payment of principal or compound interest are considered to be in the nature of
• Under section 11 of the Sale of Goods Act, 1930, the time of payment can be of the essence of the contract —
• Whether or not any stipulation other than time of payment is of the essence of the contract depends upon —
• Under Sec.2(4) of the Sale of Goods Act, a delivery order enabling a person to obtain delivery on payment of price is
• The Seller of Goods is deemed to be an Unpaid Seller when a bill of exchange or other negotiable instrument has been received as conditional payment and the condition —
• The Seller of Goods is deemed to be an Unpaid Seller when……..has been received as conditional payment and the condition has not been fulfilled, by way of dishonour or otherwise.
• The Unpaid Seller………….to deliver a part of the Goods on payment of a proportionate part of the price by the Buyer.