LIMITATION LAW — Acknowledgment of Debt — Revival of Statute-Barred Debt — Necessity for Precise Quantification

This principle establishes that an acknowledgment of debt need not state the precise amount; it is sufficient if the amount is ascertainable without difficulty. The principle applies where acknowledgment is relied upon to revive a statute-barred debt. It ensures that technical precision is not required. The principle reflects that substance prevails over form. It prevents debtors from escaping liability on technical grounds. The court must determine if the amount is ascertainable. The principle provides guidance on the requirements for acknowledgment of debt.