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X owes Y Rs.20,000, but recovery of the debt is barred by limitation. X signs a written promise to pay…

Section 25(3) of the Indian Contract Act, 1872 makes an agreement without consideration enforceable where it is a promise, made in writing and signed by the person to be…

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X owes Y Rs.20,000, but recovery of the debt is barred by limitation. X signs a written promise to pay Y Rs.15,000 on account of that debt. This promise is:

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Correct answer C

Section 25(3) of the Indian Contract Act, 1872 makes an agreement without consideration enforceable where it is a promise, made in writing and signed by the person to be charged, to pay wholly or in part a debt which the creditor might have enforced but for the law of limitation. X's signed written promise to pay Y part of the time-barred debt is therefore "Valid" and enforceable for the promised amount.

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