Is a common law rule that a promise is effectual to start the Statute of Limitations running anew?
"New York", United States of America
The following excerpt is from Celia v. Sheh, 406 N.Y.S.2d 424, 94 Misc.2d 932 (N.Y. Dist. Ct. 1978):
The common law rule that the "acknowledgment or promise to perform a previously defaulted contract obligation was effectual, whether oral or in writing . . ., to start the Statute of Limitations running anew," has been, since 1948, qualified by statute. Scheuer v. Scheuer 308 N.Y. 447, at pages 450-451, 126 N.E.2d 555.
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