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…
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Period of limitation for recovery of money is:
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
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Himachal Pradesh Judicial Services
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CUET PG Law (LL.M.)
Subject revision