Hire-Purchase Act, 1972
11. Right to hirer to appropriate payments in
respect of two or more agreements.-
A hirer who is liable to make payments in
respect of two or more hire-purchase agreements to the same owners hall,
notwithstanding any agreement to the contrary, be entitled , on making any
payment in respect of the agreements to appropriate the sum so paid by him in
or towards the satisfaction of the sum due under any two or more the
agreements, or in or towards the satisfaction of the sums due under any two or
more of the agreements in such proportions as he thinks fit, and, if he fails
to make any such appropriation as aforesaid, the sum so paid shall, by virtue
of this section stand appropriated towards the satisfaction of the sums due
under the respective hire-purchase agreements in the order in which the
agreements were entered into.