What is the ordinary effect of the expiry of limitation for a suit to recover an unsecured debt?
Expiry of limitation ordinarily bars a suit to recover an unsecured debt, while the debt remains. The debtor can voluntarily pay it. The property rule in section 27 of the…
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What is the ordinary effect of the expiry of limitation for a suit to recover an unsecured debt?
Answer and explanation
Correct answer A
Expiry of limitation ordinarily bars a suit to recover an unsecured debt, while the debt remains. The debtor can voluntarily pay it. The property rule in section 27 of the Limitation Act, 1963 does not govern that debt.
Option feedback
Option A
A time bar ordinarily defeats the recovery suit, and voluntary payment remains lawful.
Option B
The time bar does not ordinarily extinguish the unsecured debt or make voluntary payment unlawful.
Option C
The debt can survive for voluntary payment even though a recovery suit is barred.
Option D
Voluntary payment can be lawful, but the creditor cannot ordinarily enforce the time-barred debt in a suit.
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