Question

The period of limitation for an action by a principal against his agent for movable property received by the latter and not accounted for is:

The period of limitation for an action by a principal against his agent for movable property received by the latter and not accounted for is:

.

Option A: 12 years
Option B: 3 years
Option C: 5 years
Option D: No limitation

Correct Answer

Option: b

Explanation

The period of limitation for an action by a principal against his agent for movable property received by the latter and not accounted for is 3 years. Article 3 of the Limitation Act, 1963– Description of Suit: By a principal against his agent for movable property received by the latter and not accounted for. Period of Limitation: 3 years. Time fron which period begins to run: When the account is, during the continuance of the demanded and refused or, where agency, no such demand is made, when the agency terminates.

Sample Mock Tests for Practice

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THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 15 Q. NO. 561 TO 600)

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THE CONSTITUTION OF INDIA, 1949 (PAPER – 13 Q. NO. 421 TO 455)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 06 Q. NO. 201 TO 240)

THE LIMITATION ACT, 1963 (PAPER 05 Q. NO. 161 TO 200)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 12 Q. NO. 386 TO 420)

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THE HINDU MINORITY AND GUARDIANSHIP ACT, 1956 (PAPER -01 Q. NO. 1 TO 14)

THE NEGOTIABLE INSTRUMENTS ACT, 1881 (PAPER 04 Q. NO. 121 TO 135)

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THE ARBITRATION AND CONCILIATION ACT, 1996 (PAPER 03 Q. NO. 61 TO 90)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 01 Q.NO. 1 TO 40)

THE CODE OF CRIMINAL PROCEDURE, 1973 (PAPER – 01 Q. NO. 1 TO 40)