Mark the correct statement in relation to Sec 29 of the Limitation Act ........

Limitation Act (LA) 1963 Miscellaneous Provisions

Mark the correct statement in relation to Sec. 29 of the Limitation Act:

Nothing in this Act shall affect Sec. 25 of the Indian Contract Act which provides that promise to pay a time-barred debt is a good consideration.

Where any special or local law prescribes for any suit, appeal or application, a period of limitation different from the period prescribed under the Schedule, the provisions of Limitation Act (Secs. 4 to 24) shall apply only in so far as, and to the extent to which, they are not expressly excluded by such special or local law.

The provisions of Sec. 3 (bar of limitation) shall apply as if such period under the special oi local law were the period prescribed by the Schedule.

All of the above.

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Explanation:

All of the above.
According to Section 29. Savings.—(1) Nothing in this Act shall affect section 25 of the Indian Contract Act, 1872 (9 of 1872).
(2) Where any special or local law prescribes for any suit, appeal or application a period of limitation different from the period prescribed by the Schedule, the provisions of section 3 shall apply as if such period were the period prescribed by the Schedule and for the purpose of determining any period of limitation prescribed for any suit, appeal or application by any special or local law, the provisions contained in sections 4 to 24 (inclusive) shall apply only in so far as, and to the extent to which, they are not expressly excluded by such special or local law.