20-4-6. Performance applicable to two or more obligations.
Where a debtor, under several obligations to another, does an act by way of performance in whole or in part, which is equally applicable to two or more of such obligations, such performance must be applied as provided by §§20-4-7 to 20-4-9, inclusive.
Source: CivC 1877, §833; CL 1887, §3457; RCivC 1903, §1150; RC 1919, §757; SDC 1939, §47.0207.
Structure South Dakota Codified Laws
Title 20 - Personal Rights and Obligations
Chapter 04 - Performance Of Obligations
Section 20-4-1 - Obligation extinguished by full performance.
Section 20-4-2 - Joint obligation extinguished by performance by one person.
Section 20-4-3 - Joint right extinguished by performance to one person--Deposit excepted.
Section 20-4-4 - Obligation extinguished by performance in manner directed by creditor.
Section 20-4-6 - Performance applicable to two or more obligations.
Section 20-4-7 - Performance applied according to debtor's intent.
Section 20-4-9 - Application of performance in absence of selection by parties.