Cap. 16 Art. 1168Debtor may apply payment to the discharge of a particular debt.

(1) It shall be competent to any debtor owing several debts to declare, in making a payment, that such payment is to be applied to the discharge of a particular debt.

(2) Nevertheless, the debtor may not, without the consent of the creditor, appropriate the payment to a debt which has not fallen due in preference to a debt which has fallen due, in any case in which the time for the discharge of the former debt is presumed to have been agreed upon also in favour of the creditor.

(3) Nor may he appropriate the payment to the rent or interest accruing due in respect of subsequent years in preference to the rent or interest accrued due in respect of preceding years.