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When there are several debts outstanding from one person to another and certain payment is made by the debtor, and such payment is insufficient to satisfy the whole debt. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Whitman, 59 Ala.
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Smith, 66 N. Leonard, 15 La. Fridley v. Rounsavell, 74 Ill. Eder Figueiredo. Wilson, 5 Leigh, , it was held, that if A owes a debt to B, payable on demand, for which C is A's surety, and A assigns debts of others to B in part payment, and after such assignment , but before the assigned debts are collected, A contracts another debt to B, for which there is no security, B cannot in such case, after the collection of the assigned debts, apply the same to the payment of A's last debt contracted after the assignment was made, and recover the whole amount of the first debt from the surety. Personal Finance. Dorr, 72 Me.
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