| PART I – Suits Relating to Accounts | |||
| SL.NO. | DESCRIPTION OF SUIT | PERIOD OF LIMITATION | TIME FROM WHICH PEROID BEGINS TO RUN |
| 1. | For the balance due on a mutual, open and current account where there have been reciprocal demands between the parties. | Three years | The close of the year in which the last item admitted or proved is entered in the account; such year to be computed as in the account. |
| 2. | Against a factor for an account | Three years | When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates. |
| 3. | By a principal against his agent for movable property received by the latter and not accounted for. | Three years | When the account is during the continuance of the agency, demanded and refused or, where no such demand is made, when the agency terminates. |
| 4. | Other suits by principals against agents for | Three years | When the neglect or misconduct becomes known to the plaintiff. |
| 5. | For an account and a share of the profits of dissolved partnership | Three years | The date of the dissolution. |
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