New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    The day on which lease commences is :

    A Included Correct Answer Incorrect Answer
    B Excluded Correct Answer Incorrect Answer
    C Depends on terms and conditions of contract Correct Answer Incorrect Answer
    D Depends on rules made by the state government in that behalf Correct Answer Incorrect Answer
    E Depends on the category of lease. Correct Answer Incorrect Answer

    Solution

    As per s. 110 of TP Act, 1882, S.110. Exclusion of day on which term commences.—Where the time limited by a lease of immoveable property is expressed as commencing from a particular day, in computing that time such day shall be excluded. Where no day of commencement is named, the time so limited begins from the making of the lease.

    Practice Next