Question
According to the Limitation Act, what happens to a suit,
appeal, or application if it is made after the prescribed period, even if limitation has not been set up as a defense?Solution
Section 3. Bar of limitation.— (1) Subject to the provisions contained in sections 4 to 24 (inclusive), every suit instituted, appeal preferred, and application made after the prescribed period shall be dismissed, although limitation has not been set up as a defence.
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If a partner earns any personal profits from the business of the firm:
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The ______of the state is efficient
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