Limitation Act 1959: Key legislation that governs the time limits for bringing legal actions. Particularly relevant as an acknowledgment of debt can restart the limitation period for debt claims.
Civil Law Act (Cap. 43): Primary legislation governing civil law matters in Singapore, including contractual obligations and civil liability.
Evidence Act (Cap. 97): Legislation governing the admissibility of evidence in Singapore courts, relevant for proving the existence and terms of the debt acknowledgment.
Singapore Contract Law: Common law principles governing contract formation and enforcement in Singapore, including requirements for valid contracts such as offer, acceptance, consideration, intention, capacity, and certainty of terms.
Moneylenders Act: Regulatory framework for moneylending activities in Singapore, may be applicable if the debt involves licensed moneylenders.
Banking Act: Regulatory framework for banking institutions in Singapore, relevant if the debt acknowledgment involves financial institutions.
Gay Choon Ing v Loh Sze Ti Terence Peter [2009] SGCA 3: Leading case law establishing key principles regarding requirements for valid acknowledgment of debt in Singapore.
Writing Requirement: Legal requirement that the acknowledgment of debt must be in writing to be enforceable.
Signature Requirement: Legal requirement that the acknowledgment must be signed by the debtor or their authorized representative.
Debt Identification Requirement: Legal requirement that the acknowledgment must clearly identify the debt being acknowledged and specify the amount owed.
Limitation Period Compliance: Legal requirement that the acknowledgment must be made before the expiration of the limitation period for the debt claim.
