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

For an account and a share of profits of a dissolved partnership, the period of limitation is three years from the date of dissolution. It is given under article 5 of the Limitation Act.

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