On 1^st January, 2010, an amount is deposited by the plaintiff with the defendant, not being a loan. On 1^st January, 2012, demand is made by the plaintiff for repayment of the deposit. On 1^st January, 2014, suit for recovery is filed for the amount of deposit. Is this suit within limitation?

A) The suit filed on 1^st January, 2014 is time barred as it is filed three years after having made the deposit on 1^st January, 2010 B) The suit filed on 1^st January, 2014 is within limitation because limitation of three years commences on 1^st January, 2012 C) Neither (1) nor (2) above D) The suit is not time barred only in case where the deposit is made with a bank and not a private person

Answer & Solution

Correct Answer: Option B

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On 1st January 2010 an amount is deposited by the plaintiff...

On 1st January, 2010, an amount is deposited by the plaintiff with the defendant, not being a loan. On 1st January, 2012, demand is made by the plaintiff for repayment of the deposit. On 1st January, 2014, suit for recovery is filed for the amount of deposit. Is this suit within limitation?

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Related Questions on Limitation Act

On 1^st January, 2010, an amount is deposited by the plaintiff with the defendant, not being a loan. On 1^st January, 2012, demand is made by the plaintiff for repayment of the deposit. On 1^st January, 2014, suit for recovery is filed for the amount of deposit. Is this suit within limitation?