Question: When a debtor makes a payment to a creditor and owes more than one debt to the creditor and specifies how it should be applied,

When a debtor makes a payment to a creditor and owes more than one debt to the creditor and specifies how it should be applied, the creditor if he accepts the payment he
a. can apply the payment to a claim barred by statute of limitations
b. must apply the payment to the debt specified
c. can apply the payment to a debt that is invalid
d. can apply the payment to the oldest balance

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