Acknowledgement made after the period of limitation but before the opening of the court during the period when the courts are closed on the last date of expiry of limitation
Verified Answer
A. Extends the period of Limitation
B. Give rise to an independent reinforceable contract
C. Is of no effect
D. Both (B) & (C)
Explanation:
Section 18 of the Limitation Act, 1963, states that an acknowledgment of liability must be made in writing and signed by the party against whom the right is claimed, or by any person through whom he derives title or liability, before the expiration of the prescribed period for a suit or application in respect of such right. If the acknowledgment is made after the period of limitation has already expired, it is of no effect for the purpose of extending the limitation period.