The limitation period for a suit for an account and a share of profits of a dissolved partnership firm…
Article 5 of the Schedule to the Limitation Act, 1963 gives three years from dissolution for an account and a share of the profits of a dissolved partnership. Formation,…
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The limitation period for a suit for an account and a share of profits of a dissolved partnership firm is three years from:
Answer and explanation
Correct answer C
Article 5 of the Schedule to the Limitation Act, 1963 gives three years from dissolution for an account and a share of the profits of a dissolved partnership. Formation, denial of profits and refusal to account are not the specified starting event.
Option feedback
Option A
Formation is not the article 5 starting event for a dissolved firm.
Option B
Denial of profits is not the specified starting event for this claim.
Option C
Article 5 prescribes three years from dissolution.
Option D
Refusal to give accounts does not replace dissolution as the starting event.
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