Consider the following statements: Assertion (A): The Limitation Act, 1963, allows for the acknowledgment of debt to extend the limitation period for initiating legal action to recover the debt. Reasoning (R): This provision encourages debtors to acknowledge their obligations and provides creditors with an opportunity to enforce their rights within a reasonable timeframe.

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Law · Limitation Act, 1963

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Both A and R are correct, and R explains A

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Answer 1

A is correct, but R is incorrect

Answer 2

Both A and R are incorrect

Answer 3

Both A and R are correct, but R does not explain A

Answer 4

Both A and R are correct, and R explains A

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