Examine the circumstances that led to the passing of ‘Limitation Laws’ by the British in 1859.
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limitationlaw was so worst law in british time we wre not happy
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The circumstances that led to the passing of ‘Limitation Laws’ by the British in 1859
- According to the Limitation Law, the efficacy of the loan agreements engaged among ryots and cash lenders would be barely three years.
- But moneylenders outwitted ryots by pressuring them to engage a unique bond subsequent every three years, wherein the outstanding balance was registered as the principal amount.
- Besides time, the outstanding balance accumulated up to and the claim uprisen.
- This was meant to restrain the increase of credit over time. Thus the law was not victorious.
- Thus, this unique system of bonds was correlated with the anxiety of the ranchers.
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Examine the Impact of 'Limitation Laws'passed by the British in 1859
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