MCQOPTIONS
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| 1. |
A and B agree that law of limitation shall not apply to them. A debt becomes time barred and A refuses to pay the amount. Can B recover the amount under the terms of the agreement? |
| A. | Yes, the agreement between them is valid and enforceable |
| B. | No, the agreement is opposed to public policy |
| C. | No, the agreement is a voidable agreement and can be avoided by A |
| D. | No, the agreement falls under section 23 and hence illegal |
| Answer» E. | |