#Daily_One_Banking_Term
==============
✔️ Meaning of Right of Appropriation:
▪️As per Section 59 of the Indian Contract Act, 1972 while making the payment, a debtor has the right to direct his creditor to appropriate such amount against discharge of some particular debt. If the debtor does not do so, the banker can appropriate the payment to any debt of his customer.
============================================
You can also join our Telegram channel to get daily News, Current Affairs, Notes by clicking on the below link
Telegram Exam Channel