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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads: 
(i) As to Rs. 2,000 that it was time barred, and 
(ii) As to Rs. 2,500 a part payment of Rs. 1,000 
  • a)
    Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitation 
  • b)
    Both the contentions of X are wrong 
  • c)
    Either (a) or (b) 
  • d)
    Both (a) and (b) 
Correct answer is option 'D'. Can you explain this answer?
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations an...
B) Y cannot appropriate the payment of Rs. 1,000 towards the first debt as it is time-barred and cannot be legally enforced. However, X's plea of limitation can only be accepted if he raised it as a defense before the expiration of the limitation period. If X did not raise this defense in a timely manner, Y can still claim the full amount of Rs. 2,500.

c) X's plea of part payment of Rs. 1,000 can be accepted as a valid defense for the second debt of Rs. 2,500. Y can appropriate the payment of Rs. 1,000 towards this debt and claim the balance amount of Rs. 1,500 from X.
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations an...
According to sec.50 of indian contract act



Where the debtor has ommitted to intimate, and there are no other circumstances indicating to which debt the payment is to be applied, the creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time ...
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?
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X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?.
Solutions for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer?, a detailed solution for X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice X owes Y two sums, one for Rs. 2,000 which is barred by Limitations and another for Rs. 2,500 which is not barred. X pays Y Rs. 1,000 on account generally. Latter Y sues for Rs. 2500. X pleads:(i) As to Rs. 2,000 that it was time barred, and(ii) As to Rs. 2,500 a part payment of Rs. 1,000a)Y can appropriate the payment of Rs. 1,000 towards the first debt & X is bound to pay Rs. 2,500 which is not yet barred by limitationb)Both the contentions of X are wrongc)Either (a) or (b)d)Both (a) and (b)Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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