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'A' owes 'B' Rs.1,000 but the debt is barred by the Limitation Act. 'A' signs a written promise to pay…

A written, signed promise to pay wholly or in part a debt barred by limitation is enforceable under s.25(3), so it is a "Contract" and not a "Void agreement".

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'A' owes 'B' Rs.1,000 but the debt is barred by the Limitation Act. 'A' signs a written promise to pay 'B' Rs.500 on account of the debt. This is a-

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Correct answer B

A written, signed promise to pay wholly or in part a debt barred by limitation is enforceable under s.25(3), so it is a "Contract" and not a "Void agreement".

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