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    Question

    If before expiry of period of limitation, an

    acknowledgement in writing is made about liability of debt and promised to pay. What will be the effect of such acknowledgement?
    A The period of limitation will not be applicable Correct Answer Incorrect Answer
    B Fresh period of limitation shall begun Correct Answer Incorrect Answer
    C Period of limitation shall be increased by 1 year Correct Answer Incorrect Answer
    D No effect on period of limitation Correct Answer Incorrect Answer

    Solution

    Section 18 of Limitation Act: Effect of acknowledgment in writing—(1) Where, before the expiration of the prescribed period for a suit of application in respect of any property or right, an acknowledgment of liability in respect of such property or right has been made in writing signed by the party against whom such property or right is claimed, or by any person through whom he derives his title or liability, a fresh period of limitation shall be computed from the time when the acknowledgment was so signed

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