Multiple choice

A bank has to file a suit on the basis of a promissory note dated September 22, 2006. The bank made the demand for payment on November 10, 2006. The suit can be filed latest by

  1. November 09, 2009

  2. September 22, 2009

  3. September 21, 2009

  4. November 10, 2009

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

On the basis of a promissory note, one can file a suit for recovery of money latest by the completion of third year. The given promissory note is dated September 22, 2006. Thus, suit can be filed latest by September 21, 2009.