Question
Which of the following does NOT constitute a valid
acknowledgment under Section 18 of the Limitation Act, 1963?Solution
Section 18 requires acknowledgment to be "in writing" and "signed" by the liable party or authorized agent, made before the expiration of the prescribed limitation period. Oral admissions, even if later confirmed in writing, do not qualify because the written confirmation comes after the limitation period has expired, defeating the purpose of extending limitation through acknowledgment. The Explanation to Section 18 clarifies that acknowledgment need not specify the exact nature of property, promise to pay, or be free of conditions, but the writing itself must exist and be signed before expiry. The key principle is that acknowledgment must occur before the original limitation period expires to create a fresh period of limitation.
Statement: Large IT services companies are in the process of laying off employees on a scale not seen since the 2008-10 downturn.
I. The IT indu...
Statement: Should it be said that the demonetisation exercise combined with the uncertainty around the July 1 adoption of the new indirect tax regime s...
Statement:
I: Heavy snowfall is expected at Pyeong Chang in South Korea during the winter season.
II: The Pyeong Chang 2018 winter Olymp...
In each question below is given a statement followed by two assumptions numbered I and II. You have to consider the statement and the following assumpt...
Statement : For the first time in decades, the Mysuru Zoo will receive a new species of wildlife to mark its 125th Anniversary.
I. Th...
STATEMENT : An information for the employees in the office- “you have to bear your expense on travel”
ASSUMPTIONS: I Many offices ...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent cause...
Statement: D < R = X > T ≥ H
Conclusions: I. D ≤ T II. R > H
What is Surya's age?
I. Surya and his sister are the only children in Ramesh's home.
II. Surya's sister is elder to him by 5 years.
Statement: A construction worker was buried alive when mud from a 20-ft high pit collapsed on him and four others.
Assumption I: The other four...