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'A' owes 'B' Rs. 1000, but the debt is barred by the Limitation Act. 'A' signs a written agreement to…

A written signed promise to pay a time-barred debt is "a contract" under s.25(3) Indian Contract Act, being a recognised exception to the rule that agreements without…

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'A' owes 'B' Rs. 1000, but the debt is barred by the Limitation Act. 'A' signs a written agreement to pay 'B' Rs. 500 on account of debt. This agreement is—

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A written signed promise to pay a time-barred debt is "a contract" under s.25(3) Indian Contract Act, being a recognised exception to the rule that agreements without consideration are void.

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