21.
Acknowledgment after the expiration of the period prescribed under the Indian Limitation Act, 1963, for a suit or application:
A
Is of no effect
B
Gives rise to an independent & enforceable contract
C
Is of great value
D
None of the above.
Answer and explanation
Correct Answer: A — Is of no effect
Acknowledgment after the expiration of the period prescribed under the Indian Limitation Act, 1963, for a suit or application Is of no effect. Section 18 of Limitation Act 1963 deals with effect of acknowledgment in writing.