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    Question

    According to Section 2(j) of the Limitation Act, 1963,

    which of the following correctly defines "period of limitation"? 
    A The time within which a court must deliver a judgment in any civil suit Correct Answer Incorrect Answer
    B The period of limitation prescribed for any suit, appeal or application by the Schedule, and "prescribed period" means the period of limitation computed in accordance with the provisions of this Act Correct Answer Incorrect Answer
    C The time granted by the court for filing an objection to a decree Correct Answer Incorrect Answer
    D The duration for which a contract remains valid and enforceable Correct Answer Incorrect Answer
    E The period within which a witness must be examined in a trial Correct Answer Incorrect Answer

    Solution

    Section 2(j) defines "period of limitation" as the period prescribed for any suit, appeal, or application by the Schedule to the Act, with "prescribed period" meaning the period of limitation computed in accordance with the Act's provisions. This foundational definition distinguishes between the period prescribed by the Schedule (statutory limitation) and the computed prescribed period (considering exclusions, extensions, and other modifications). The Limitation Act, as established in jurisprudence, bars the remedy but does not extinguish the right itself.

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