LA IMPUTACIÓN DE PAGOS PRESUPONE LA EXISTENCIA DE VARIAS DEUDAS CONTRA EL MISMO OBLIGADO Y A FAVOR DEL MISMO ACREEDOR.

Abstract

Application of payments takes the form of a declaration of the debtor's intentions concerning the use of a payment he is making. The debtor is recognised as having the power, at the time of payment, to declare which of his outstanding debts the payment is to be applied to. An application of payments is the designation of the debt to which the payment made by the debtor is to be applied.