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  9. Q301

ibps-so 2020 · Question 301 of 351

The rule that where neither party appropriates a payment, 'payment shall be applied in discharge of each debt proportionably' is contained in which legislation?

  1. AIndian Contract ActCorrect
  2. BLimitation Act
  3. CSpecific Relief Act
  4. DNegotiable Instruments Act
  5. ESEBI Act, 1992

Answer: A. Indian Contract Act

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO Law Officer Mains Memory Based 2020 - Adda247 · memory-based

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