Raghav owes Murli Rs.10,000. This debt is time-barred by the Limitation Act. Even then Murli, promises in writing to pay Raghav Rs. 4,500 on account of debt and signs the document. This contract is
Explanation & Strategy
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Under the Limitation Act, every suit/appeal must be filed within the prescribed period. Time runs from when cause of action arises. Section 5 allows condonation of delay in appeals/applications (not suits).