Q. A and B agree that law of limitation shall not apply to them. A debt becomes time barred and A refuses topay the amount. Can B recover the amount under the terms of the agreement? (Solved)
1. Yes, the agreement between them is valid and enforceable
2. No, the agreement is opposed to public policy
3. No, the agreement is a voidable agreement and can be avoided by A
4. No, the agreement falls under section 23 and hence illegal
- d. No, the agreement falls under section 23 and hence illegal