Podcast
Questions and Answers
What is the period of limitation for a suit relating to the balance due on a mutual account?
What is the period of limitation for a suit relating to the balance due on a mutual account?
- Two years
- Five years
- Three years (correct)
- One year
What type of account requires a suit within three years when there have been reciprocal demands?
What type of account requires a suit within three years when there have been reciprocal demands?
- Closed account
- Current account (correct)
- Fixed account
- Interest-bearing account
In the Limitation Act, what is meant by the term 'factor' in relation to accounts?
In the Limitation Act, what is meant by the term 'factor' in relation to accounts?
- An agent of a company
- A trade or business agent (correct)
- A legal representative
- A person who manages funds
If an account has been demanded during the agency continuance, what is the limitation period to file a suit?
If an account has been demanded during the agency continuance, what is the limitation period to file a suit?
What clause in the document relates to the substitution of the Limitation Act for Sikkim?
What clause in the document relates to the substitution of the Limitation Act for Sikkim?
Which of the following statements is true regarding the Limitation Act's partial repeal status?
Which of the following statements is true regarding the Limitation Act's partial repeal status?
What is required for a mutual account to start the three-year limitation period?
What is required for a mutual account to start the three-year limitation period?
What does the term 'reciprocal demands' refer to in the context of accounts?
What does the term 'reciprocal demands' refer to in the context of accounts?
What happens to the right to property after the period for instituting a suit for possession expires?
What happens to the right to property after the period for instituting a suit for possession expires?
In the context of easements, what duration is excluded when calculating the period of twenty years?
In the context of easements, what duration is excluded when calculating the period of twenty years?
Which Act does section 29 state will not be affected by the provisions of this Act?
Which Act does section 29 state will not be affected by the provisions of this Act?
What is the effect of a special or local law prescribing a different period of limitation?
What is the effect of a special or local law prescribing a different period of limitation?
Which section has been repealed in the State Amendment (Orissa)?
Which section has been repealed in the State Amendment (Orissa)?
What does section 30 of the Limitation Act pertain to?
What does section 30 of the Limitation Act pertain to?
Which sections of the act do not apply to cases under the Indian Easements Act, 1882?
Which sections of the act do not apply to cases under the Indian Easements Act, 1882?
What is the time frame within which a claim must be resisted to avoid the exclusion of enjoyment time?
What is the time frame within which a claim must be resisted to avoid the exclusion of enjoyment time?
What does the term 'period of limitation' refer to in the Limitation Act?
What does the term 'period of limitation' refer to in the Limitation Act?
In the context of the Limitation Act, who qualifies as an 'applicant'?
In the context of the Limitation Act, who qualifies as an 'applicant'?
Which of the following is NOT included in the definition of 'defendant' under the Limitation Act?
Which of the following is NOT included in the definition of 'defendant' under the Limitation Act?
What does the term 'suit' specifically exclude according to the Limitation Act?
What does the term 'suit' specifically exclude according to the Limitation Act?
How is 'good faith' defined in the Limitation Act?
How is 'good faith' defined in the Limitation Act?
What does 'foreign country' mean in the context of the Limitation Act?
What does 'foreign country' mean in the context of the Limitation Act?
Which of the following statements is accurate regarding 'tort' as per the Limitation Act?
Which of the following statements is accurate regarding 'tort' as per the Limitation Act?
Which definition includes 'cheque' as stipulated in the Limitation Act?
Which definition includes 'cheque' as stipulated in the Limitation Act?
What does the term 'trustee' specifically exclude in the Limitation Act?
What does the term 'trustee' specifically exclude in the Limitation Act?
What is indicated by the term 'bond' in the Limitation Act?
What is indicated by the term 'bond' in the Limitation Act?
Flashcards
Exclusion of easement enjoyment period
Exclusion of easement enjoyment period
The time period of enjoyment of an easement is excluded from the 20-year limitation period if the land involved is held under a lease or life estate, and the claim is contested within three years after the lease or life estate ends.
Extinguishment of property rights
Extinguishment of property rights
When the legal time limit (limitation period) for filing a lawsuit ends, the right to claim possession of the property is extinguished.
Exclusion of Indian Easements Act
Exclusion of Indian Easements Act
This Act does not apply to cases involving easements in areas where the Indian Easements Act of 1882 is in effect.
Special laws and limitation periods
Special laws and limitation periods
Signup and view all the flashcards
Exclusion of marriage and divorce cases
Exclusion of marriage and divorce cases
Signup and view all the flashcards
No effect on Indian Contract Act
No effect on Indian Contract Act
Signup and view all the flashcards
Shorter time limit from special law
Shorter time limit from special law
Signup and view all the flashcards
Purpose and limitation
Purpose and limitation
Signup and view all the flashcards
Suit relating to accounts
Suit relating to accounts
Signup and view all the flashcards
Mutual, open and current account
Mutual, open and current account
Signup and view all the flashcards
Last item admitted or proved
Last item admitted or proved
Signup and view all the flashcards
Period of limitation for suits relating to accounts
Period of limitation for suits relating to accounts
Signup and view all the flashcards
Factor
Factor
Signup and view all the flashcards
Suit against a factor for an account
Suit against a factor for an account
Signup and view all the flashcards
Period of limitation
Period of limitation
Signup and view all the flashcards
Time from which period begins to run
Time from which period begins to run
Signup and view all the flashcards
What is the purpose of the Limitation Act, 1963?
What is the purpose of the Limitation Act, 1963?
Signup and view all the flashcards
Where does the Limitation Act, 1963, apply?
Where does the Limitation Act, 1963, apply?
Signup and view all the flashcards
Who is considered an 'applicant' according to the Limitation Act, 1963?
Who is considered an 'applicant' according to the Limitation Act, 1963?
Signup and view all the flashcards
Who is a 'defendant' according to the Limitation Act, 1963?
Who is a 'defendant' according to the Limitation Act, 1963?
Signup and view all the flashcards
What is the "period of limitation" in the Limitation Act, 1963?
What is the "period of limitation" in the Limitation Act, 1963?
Signup and view all the flashcards
What does "good faith" mean under the Limitation Act, 1963?
What does "good faith" mean under the Limitation Act, 1963?
Signup and view all the flashcards
What is a "promissory note" in the context of the Limitation Act, 1963?
What is a "promissory note" in the context of the Limitation Act, 1963?
Signup and view all the flashcards
What is a "tort" according to the Limitation Act, 1963?
What is a "tort" according to the Limitation Act, 1963?
Signup and view all the flashcards
Who is a "trustee" in the context of the Limitation Act, 1963?
Who is a "trustee" in the context of the Limitation Act, 1963?
Signup and view all the flashcards
What is the main significance of the Limitation Act, 1963?
What is the main significance of the Limitation Act, 1963?
Signup and view all the flashcards