(1) In the following cases the right of action shall be deemed to have accrued on and not before the date of the acknowledgement:-

(a) where any right of action has accrued to recover any debt and the person liable therefor has acknowledged the debt; or

(b) where the right of action of a mortgagee of land to recover the mortgage debt has accrued, and the person in possession of the land acknowledges the mortgagee's title to the land; or

(c) where any right of action has accrued to recover any claim to the movable estate of a deceased person or to any share or interest therein, and the person accountable therefor acknowledges the claim; or

(d) where the right of a mortgagee of land to bring an action to recover land has accrued, and the person in possession of the land or the person liable for the mortgage debt acknowledges the debt;

(e) where there has accrued to any person (other than a mortgagee) any right of action to recover land, and the person in possession of the land acknowledges the title of the person to whom the right of action has accrued; or

(f) where the right of a mortgagee of land to bring an action to recover the land has accrued, and the person in possession of the land acknowledges the mortgagee's title to the land; or

(g) where the right of an encumbrancer of land to bring an action claiming sale of the land has accrued, and the person in possession of the land or the person liable for the debt secured by the encumbrance acknowledges the debt; or

(h) where a mortgagee is by virtue of the mortgage in possession of any mortgaged land, and the mortgagee acknowledges the title of the mortgagor or his equity of redemption; or

(i) where a right of action has accrued in respect of a lien for money's worth in or over land for a limited period not exceeding life, or in respect of a right in the nature of such a lien, such as a right of support or a right of residence, not being an exclusive right of residence in or on a specified part of the land, and the person in possession of the land acknowledges such lien or other right.

(2) Every acknowledgement shall be in writing and signed by its maker.

(3) An acknowledgement under this section may be made by the agent of the person by whom it is required to be made, and shall be made to the person or the agent of the person whose right or claim is being acknowledged.

(4) No acknowledgement shall be deemed to be an agreement within the meaning of the Stamp Act, 1965 (Act 311).