Multiple choice

For an account and a share of profits of a dissolved partnership, the period of limitation is _______ from the date of dissolution.

  1. 2 years

  2. 3 years

  3. 12 years

  4. 30 years

  5. 6 months
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option (1) is incorrect: No such provision Option (2) is correct: Under Article 5 of Limitation Act, the period of limitation for an account and a share of profits of a dissolved partnership is 3 years. Option (3) is incorrect: No such provision Option (4) is incorrect: No such provision 

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