Multiple choice

The date of documents of a loan is January 25, 2006. The prescribed limitation period is three years. The suit can be filed latest by

  1. January 25, 2009

  2. January 24, 2009

  3. January 26, 2009

  4. January 27, 2009

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A Correct answer
Explanation

If a suit is based on multiple causes of action, the period of limitation will begin to run from the date when the right to sue first accrues – successive violation of the right will not give rise to fresh cause and the suit will be liable to be dismissed if it is beyond the period of limitation counted from the day when the right to sue first accrued. Thus, if the limitation period is of 3 years and it started on January 25, 2006, we need to count it from the exact date for successive three years. Thus, it will be till January 25, 2009.