Page 314 - Important Provisions of The New Civil Code

Article 1253. If the debt produces interest,

payment of the principal shall not be deemed

to have been made until the interests have been

covered. (1173)

Article 1254. When the payment cannot be

applied in accordance with the preceding rules,

or if application can not be inferred from other

circumstances, the debt which is most onerous

to the debtor, among those due, shall be

deemed to have been satisfied.

If the debts due are of the same nature and

burden, the payment shall be applied to all of

them proportionately. (1174a)