New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under Section 27 of the Limitation Act, 1963

    , when is the right to property extinguished?
    A When a person fails to occupy the property within a reasonable time Correct Answer Incorrect Answer
    B When the person loses the property through negligence Correct Answer Incorrect Answer
    C At the determination of the period limited for instituting a suit for possession of the property Correct Answer Incorrect Answer
    D When the property is transferred without consideration Correct Answer Incorrect Answer
    E When the property is destroyed or rendered unusable Correct Answer Incorrect Answer

    Solution

    Explanation: Section 27. Extinguishment of right to property.—At the determination of the period hereby limited to any person for instituting a suit for possession of any property, his right to such property shall be extinguished.

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