Receivership of White Lake Land Co.

Citations

• 14 Teiss. 47
• 1916 La. App. LEXIS 120

Syllabus

<p>Syllabus.</p> <p>1. The debtor has the right to declare, when he makes a payment, which debt he means to discharge. R. C. C., 2163.</p> <p>2. If the debts are of like nature, the imputation will, in the absence of such declaration, be made to the debt which has been longest due. R. C. C., 2165.</p> <p>3. The phrase “received or paid on account” is employed to distinguish a partial from a final or total payment,, and does not indicate nor signify the manner in which the payment is to be imputed.</p>