As per the Limitation Act, 1963, what is the limitation period for the suits relating to make good out…
Article 103 allows three years to make good a breach-of-trust loss from a deceased trustee’s general estate. Time runs from the trustee’s death, or from the later occurrence…
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As per the Limitation Act, 1963, what is the limitation period for the suits relating to make good out of the general estate of a deceased trustee the loss occasioned by a breach of trust?
Answer and explanation
Correct answer B
Article 103 allows three years to make good a breach-of-trust loss from a deceased trustee’s general estate. Time runs from the trustee’s death, or from the later occurrence of the loss if it had not then resulted. This general-estate claim differs from tracing specifically held trust property under section 10.
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