HELD. Reference to Section 14 of the Act was made, which deals with, inter alia, prescription being interrupted by an acknowledgement of liability by the defendant (that is, where the Defendant makes part payment of the debt). For purposes of trial and determining whether prescription had arisen, the parties agreed that the period for prescription would be 3 years.
Appears in 2 contracts
Sources: Verbal Agreement for Delivery of Goods, Verbal Agreement