62. Application of payment where neither party appropriates

Where neither party makes any appropriation the payment shall be applied in discharge of the debts in order of time, whether they are or are not barred by the law relating to the limitation of suits.

If the debts are of equal standing, the payment shall be applied in discharge of each proportionably.

Contracts which need not be Performed

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Part VI

Of Certain Relations Resembling Those Created by Contract

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Part VII

Of the Consequences of Breach of Contract

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Part VIII

Of Indemnity and Guarantee

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Part IX

Of Bailment

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Part X

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