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A stayed in the hotel of B for one week. He organised a party for his friends on 01.11.2014 the bill of which amounted to Rs. 40,000/-, He vacated his room on 05.11.2014 and settled all his bills except the bill of the party. B can sue A for the payment of Rs. 40,000/- within:

  1. 1 year from 01.11.2014
  2. 1 year from 05.11.2014
  3. 3 years from 01.11.2014
  4. 3 years from 05.11.2014

Answer (Detailed Solution Below)

Option 3 : 3 years from 01.11.2014

Detailed Solution

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The correct answer is : 3 years from 01.11.2014

3 Years from 1.11.2014, for the reason the bill was payable on 01.11.2014 and the Limitation period for the same is 3 years. 

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