The limitation for filing a suit, by a surety, against the principal debtor, would be 3 years from the date on which:
A. The amount became payable to the creditor
B. The amount was paid by the surety to the creditor
C. The refusal, by the principal debtor to pay the amount on notice being by the surety
D. The date of demand, by the creditor, for payment thereof, to the debtor, or the surety, whichever is earlier
Answer: Option B
Tort' in the Limitation Act, 1963 includes which of following?
A. Civil wrong, which is exclusively the breach of a contract or the breach of trust
B. Judicial wrong, which is not exclusively the breach of a contract or the breach of trust
C. Civil wrong, which is not exclusively the breach of a contract or the breach of trust
D. None of these
A. 1 year
B. 2 years
C. 3 years
D. No limitation
What is the period of limitation for filing a suit under Article 113 of the Limitation Act?
A. 5 years
B. 6 months
C. 3 years
D. 6 years
A. 22
B. 24
C. 26
D. 27
E. None of the above
Join The Discussion