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Law · Q171

Indian Partnership Act

Graduate and Post Graduate · Law · question 171

Q171

In case where the dissolution of firm has taken place by efflux of time, and at that time certain transactions remained unfinished, for a suit for accounts, the period of limitation of three years shall commence from

A.
The date of completion of the last transaction
B.
The date of expiry of the term of the partnership
Answer
C.
The date of completion of the first transaction
D.
Either (A) or (B) or (C) as per the discretion of the court

Answer: Option B

Solution

Answer: Option B
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