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

AILET – National Law University Delhi Entrance Test (NLU 2012)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 04 Q. NO. 106 TO 140)

AIBE-XIII-2018-II (BCI-DEC-2018-SET-A) (ALL INDIA BAR EXAM 2018-II)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 05 Q. NO. 141 TO 175)

CLAT 2014

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 12 Q. NO. 441 TO 480)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 14 Q. NO. 456 TO 490)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2012

THE INDIAN FORESTS ACT, 1927 (PAPER 01 Q. NO. 1 TO 43)

RAJASTHAN LOWER JUDICIAL SERVICES 2011

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 02 Q. NO. 36 TO 70)

THE LAW OF ADMINISTRATION (PAPER 01 Q. NO. 1 TO 30)

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

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 10 Q. NO. 361 TO 400)

THE WILD LIFE PROTECTION ACT, 1972 (PAPER 02 Q. NO. 26 TO 50)

PUNJAB LOWER JUDICIAL SERVICES 2019

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2009

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 03 Q. NO. 81 TO 120)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 07 Q.NO. 241 TO 280)

G.K. PUNJABI – 01 GGSSS BNL

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 04 Q.NO. 121 TO 160)

UTTARAKHAND LOWER JUDICIAL SERVICES 2018

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)

AIBE XVII 2023 (BCI-FEB-2023-SET-A) (ALL INDIA BAR EXAM 2023)

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)

THE INDIAN CONTRACT ACT, 1872 (PAPER – 04 Q. NO. 106 TO 140)

DELHI LOWER JUDICIAL SERVICES 2018-2

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2007-2

MADHYA PARDESH LOWER JUDICIAL SERVICES 2001

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)