Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable - (a) Valid Description: Where a promise to pay a time barred debt has been made in writing, it is considered valid by the law even without consideration. - Consideration Interview Questions and Answers

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INTERVIEW QUESTIONS

MERCANTILE LAW

CONSIDERATION

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Question: Payment of time- barred debt is:
(a) Valid
(b) Void
(c) Illegal
(d) Voidable

Answer: (a) Valid
Description: Where a promise to pay a time barred debt has been made in writing, it is considered valid by the law even without consideration.

Category	Consideration Interview Questions & Answers - Exam Mode / Learning Mode
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Question: Payment of time- barred debt is:
(a) Valid
(b) Void
(c) Illegal
(d) Voidable

Answer:

(a) Valid
Description: Where a promise to pay a time barred debt has been made in writing, it is considered valid by the law even without consideration. Source: CoolInterview.com

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