The period of limitation in terms of sections 2(j) and 3 of the Limitation Act, 1963 to file a suit is __________ for the balance due on a mutual, open and current account, where there have been reciprocal demands betwee
CS Executive · Industrial, Labour & General Laws · PYQS · December 2014
The period of limitation in terms of sections 2(j) and 3 of the Limitation Act, 1963 to file a suit is __________ for the balance due on a mutual, open and current account, where there have been reciprocal demands between the parties.
Answer & Explanation:
Correct Answer: Option (A)
Correct answer: (A) Three years. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.
Topics: Limitation Act, 1963
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