A contract is not voidable because it was caused by a mistake as to any law in force in 1[India]; but a mistake as to a law not in force in 1[India] has the same effect as a
mistake of fact.
2* * * * *
A and B make a contract grounded on the erroneous belief that a particular debt is barred by the Indian Law of Limitation: the contract is not voidable.
3* * * * *
1 The original words ‘British India” have successively been amended by the A.O. 1948 and the A.O. 1950 to read as above.