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The effect of acknowledgement of liability on the period of limitations (The Limitation Act, 1963)

January 12, 2019 0 Comment

The rule in brief is that acknowledgement of any liability within the period of limitation made in writing by the party against whom the liability is alleged would give rise to a fresh period of limitation equal to the period prescribed by the Limita­tion Act.

A valid acknowledgment does not extend the period of limitation but it creates an entirely new period of limitation running from the date of acknowledgment.

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