Site navigation

Period of limitation for recovery of money is:

The ordinary money-recovery entries prescribe three years: for example Article 19 for money lent, Article 21 for a loan payable on demand, and Article 113 for a suit without…

Choose your answer

Period of limitation for recovery of money is:

Select one answer
Answer and explanation

Correct answer A

The ordinary money-recovery entries prescribe three years: for example Article 19 for money lent, Article 21 for a loan payable on demand, and Article 113 for a suit without another specified period. Accrual depends on the applicable entry and transaction. The answer is the ordinary rule, not a claim that every possible government claim, mortgage debt or specially regulated recovery has the same period.

Practice for these exams

  • Himachal Pradesh Judicial Services

  • CUET PG Law (LL.M.)

    Subject revision

Related question papers

Related exam syllabi

Related questions in this topic