Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Reciprocal Promises

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Topics

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  • Kinds of Reciprocal Promises
  1. Mutual and Independent 
  2. Mutual and Dependent
  3. Mutual and Concurrent
  • Appropriation of Payments [Section 59 – 61]
  1. Appropriation of Payments 
  2. Application of payment where debt to be discharge is not indicated [60]
  3. Application of payment where neither party appropriates [61] 
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