Which of the following provisions of the Limitation Act, 1963 states that in case of debt, payment will…
Section 19 provides a fresh limitation period from a qualifying payment on account of a debt or interest on a legacy. The payment must be made before the prescribed period…
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Which of the following provisions of the Limitation Act, 1963 states that in case of debt, payment will provide a fresh period of limitation from the time of payment?
Answer and explanation
Correct answer C
Section 19 provides a fresh limitation period from a qualifying payment on account of a debt or interest on a legacy. The payment must be made before the prescribed period expires by the liable person or duly authorized agent. Subject to its stated old-interest exception, acknowledgment of payment must appear in the payer’s handwriting or a writing signed by him. A payment after limitation has already expired does not revive the claim under section 19 merely by being a payment.
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