For the purposes of the Limitation Act, 1963, if a borrower acknowledges the liability before expiry of…
Under section 18 of the Limitation Act, an acknowledgment of liability made in writing and signed by the party before the period expires gives a fresh period of limitation…
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For the purposes of the Limitation Act, 1963, if a borrower acknowledges the liability before expiry of period of limitation of suit, it amounts to
Answer and explanation
Correct answer B
Under section 18 of the Limitation Act, an acknowledgment of liability made in writing and signed by the party before the period expires gives a fresh period of limitation from the date it is signed, which amounts to "extending the period of limitation for suit". It is not a judgment on admission, and it does not make the borrower liable for double the amount.
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Maharashtra Judicial Services
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CUET PG Law (LL.M.)
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