Question

What is the period of limitation given in Schedule of Limitation act for a Bill of exchange and a promissory note?

Q: Answer-What is the period of limitation given in Schedule of Limitation act for a Bill of exchange and&nbsp...

The Schedule Item no. 31. On a bill of exchange or promissory note payable at a fixed time after date. Period of Limitation is - Three years from the date when the bill or note falls due

A 3 years

B 3 years for bill of exchange and 2 years for a promissory note

C 4 years

D 3 years for promissory note and 5 years for Bill of exchange

E 5 years

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What is the period of limitation given in Schedule of Limitation act for a Bill of exchange and a promissory note?

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