Fresh accrual of action on acknowledgment or part payment

(1) Where there has accrued any right of action to recover land, or any right of a mortgagee to apply for an order for sale of the mortgaged property, and, (a) the person in possession of the land acknowledges the title of the person to whom the right of action has accrued; or (b) in the case of any action by a mortgagee to recover money under the mortgage deed, the person liable for the mortgage debt makes any payment in respect thereof, whether of principal or interest, the right shall be deemed to have accrued on and not before the date of the acknowledgment or payment. (2) Subsection (1) of this section, shall apply to a right of action to recover land accrued to a person entitled to an estate or interest taking effect on the determination of an entailed interest against whom time is running under section 19 of this Act, and on the making of the acknowledgment that section shall cease to apply to the land. (3) Where any right of action has accrued to recover any debt or other liquidated pecuniary claim, or any claim to the personal estate of a de- ceased person or to any share or interest therein, and the person liable or accountable therefor acknowledges the claim or makes any payment in respect thereof, the right shall be deemed to have accrued on and not before the date of the acknowledgment or the last payment. Provided that a payment of a part of the rent or interest due at any time shall not extend the period for claiming the remainder then due, but any payment of interest shall be treated as a payment in respect of the principal debt. 22