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(1) Where a party has to perform several obligations of the same nature and the performance tendered does not suffice to discharge all of the obligations, then subject to paragraph 4 the party may at the time of its performance declare to which obligation the performance is to be appropriated.
(2) If the performing party does not make such a declaration, the other party may within a reasonable time appropriate the performance to such obligation as it chooses. It shall inform the performing party of the choice. However, any such appropriation to an obligation which:
(a) is not yet due, or
(b) is illegal, or
(c) is disputed,
is invalid.
(3) In the absence of an appropriation by either party, and subject to paragraph 4, the performance is appropriated to that obligation which satisfies one of the following criteria in the sequence indicated:
(a) the obligation which is due or is the first to fall due;
(b) the obligation for which the obligee has the least security;
(c) the obligation which is the most burdensome for the obligor,
(d) the obligation which has arisen first.
If none of the preceding criteria applies, the performance is appropriated proportionately to all obligations.
(4) In the case of a monetary obligation, a payment by the debtor is to be appropriated, first, to expenses, secondly, to interest, and thirdly, to principal, unless the creditor makes a different appropriation.
SiSU Book Samples and Markup Examples
Viral Spiral - How the Commoners Built a Digital Republic of Their Own
David Bollier
2009
The Wealth of Networks - How Social Production Transforms Markets and Freedom
Yochai Benkler
2006
Free Culture - How Big Media Uses Technology and the Law to Lock Down Culture and Control Creativity
Lawrence Lessig
2004
CONTENT - Selected Essays on Technology, Creativity, Copyright and the Future of the Future
Cory Doctorow
2008
Eric von Hippel
2005
Free As In Freedom - Richard Stallman's Crusade for Free Software
Sam Williams
2002
Two Bits - The Cultural Significance of Free Software
Christopher Kelty
2008
Free For All - How Linux and the Free Software Movement Undercut the High Tech Titans
Peter Wayner
2002
The Cathedral & the Bazaar - Musings on Linux and Open Source by an Accidental Revolutionary
Erik S. Raymond
1999
Cory Doctorow
2008
Down and Out in the Magic Kingdom
Cory Doctorow
2003
Cory Doctorow
2008
Free Software Foundation - FSF
GPL - GNU General Public License