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The general rule is that " The law of limitation only bars the remedy but does not extinguish the right itself". The exception to this rule is contained in:
Correct Answer: B — Section 27 of the Limitation Act, 1963
Explanation:
Section 27 of the Limitation Act, 1963. Section 27 of Limitation Act, 1963: This section provides for the extinguishment of right to property. It says when the period for instituting a suit for possession of any property is gone then the right to such property is also gone or extinguished.