(1) In case prevailing law prescribe any specific limitation in respect to any specific contract or any specific matter relating to contracts, such time limits shall be applicable.
(2) Complain in respect to the following contracts or matters other than those mentioned in Sub-section (1) shall not be heard unless these are filed within the limitation as mentioned hereunder;
(a) In the case of void a contract, to have them declared void at any time;
(b) In the case of a voidable contract, within a year from the date when the party that can have the contract declared void learns about the reason for having the contract declared to be void;
(c) In the case of contracts mentioned in Chapter 7, within two years from the date of emergence of the reason for filing a lawsuit;
(d) In the case of any other claim under this Act, within two years from the date of emergence of the reason for filing a lawsuit for such a claim.