True or false In NYS$,$ on May $8,1992,$ one of your debts for $$200$ was barred by the statute of limitations$.$ Nevertheless, to clear your mind, you paid the creditor $$50$ on August $31,1992$ and promised to pay the remainder of the debt $($$$150)$ in three weeks.

When you failed to pay the balance as promised, the creditor sued. The $$50$ payment on August $31,1992$ reinstated the right of the creditor to collect the balance of $$150$ until August $31,1998.$