Question

A obtains two loans of Rs. 25,000 each from a bank, one of which is guaranteed by B. A sends the bank a sum of Rs. 30,000 without any direction regarding appropriation towards the loans. The bank appropriates Rs. 25,000 toward the loan not guaranteed by the B and Rs. 5,000 only toward the loan guaranteed by B. B objects to such appropriation. Can he succeed?

Answer 1

Explanation:

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Answer 2

Explanation:

obtains two loans of Rs. 25,000 each from a bank, one of which is guaranteed by B. A sends the bank a sum of Rs. 30,000 withou