SHORT NOTES ON LIMITATION ACT PART 3
S 18. Effect of acknowledgment in writing:-
Acknowledgment means a definite, clear admission of existing liability.
It is not necessary that there should be promise to pay. An acknowledgment does not create any new right of action but only enlarges the time and has the effect of making a new period run from the date of acknowledgment. Under this section, an acknowledgment is not limited in respect of a debt only, it may be in respect of “any property or right” which is the subject matter of the suit. There must be an unqualified,or an admission qualified by a condition which is fulfilled.
Ingredients of S 18 and essentials of a valid acknowledgment:-
