Causes of action founded on contract are revived by an admission in writing, signed by the party to be charged, that the debt is unpaid, or by a like new promise to pay the same.
[C51, § 1670; R60, § 2751; C73, § 2539; C97, § 3456; C24, 27, 31, 35, 39, § 11018; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 614.11]
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