The period of limitation to set aside a sale in execution of a decree under Article 127 of the Schedule of the Limitation Act, 1963, from the date of the sale is:

Assertion (A): Where any special or local law prescribes for any suit appeal or application a period of limitation different from period prescribed by the Schedule, the provisions of Section 3 of Limitation Act, 1963 shall apply as if such period were the period prescribed by the schedule.
Reason (R): Where a Special Law prescribes a period of limitation for filing appeal but there is no provision therefore under Limitation Act, 1963, the period of limitation provided under the Special Law must be treated to be different from that under the Limitation Act.

A

Both (A) and (R) are true and (R) is correct explanation of (A)

B

Both (A) and (R) are true but (R) is not correct explanation of (A)

C

(A) is true but (R) is false

D

(A) is false but (R) is true

Which one of the following is the correct sequence of various stages of operating cycle of a manufacturing company? 1. Raw material conversion period, work-in-progress conversion period, Finished goods conversion period, Receivables conversion period 2. Raw material conversion period, work-in-progress conversion period, Creditors payment period, Receivables conversion period 3. Creditor payment period. Raw material conversion period, Receivables conversion period, work-in- progress conversion period 4. Raw material conversion period, Finished goods conversion period, work-in- progress conversion period. Receivables conversion period

A

1

B

2

C

3

D

4

Under Article 127 of Limitation Act for filing of application to set aside a sale in execution of decree, limitation is prescribed

A

120 days from date of sale

B

90 days from date of sale

C

60 days from date of sale

D

30 days from date of sale

The different variant of Date() constructor to create date object is/are ___________ i. new Date(date) ii. new Date(milliseconds) iii. new Date(date string) iv. new Date(year, month, date)

A

) ] i, ii and iii only

B

hour, minute, second, millisecond

C

hour, minute, second, millisecond

D

hour, minute, second, millisecond

In which of the following case, the court has held that limitation period as provided in the Limitation Act, 1963 would extend seven years by virtue of Section 39 of the Limitation Act, since a period of 30 years. Thus making Limitation period for redemption of Mortgage as 37 years

A

Santa Singh v. Prakash Singh

B

Purshottam v. Sagaji

C

M. P. Ahmad v. Kutheravattam Estate Receiver

D

All the above cases

Which of the following statements is correct?
An attachment order may come to an end by
A. Satisfaction of decree.
B. Setting aside or reversal of decree.
C. Dismissal of execution application for decree holder's default.
D. Death of the decree holder.
E. Agreement/compromise between the parties.
Select the correct answer:

A

1, 2, 3 and 5

B

2, 3 and 5

C

2, 3, 4 and 5

D

All these

An ex parte decree passed by Court 'A' was transferred to Court 'B' for execution and which execution proceedings are pending in Court 'B'. Court 'A' aside the ex parte decree and on re-hearing, a fresh decree was passed on the same terms.

A

Since the new decree is on the same terms, as the decree which is set aside, the execution proceedings will continue

B

Court 'B' can continue to execute the ex parte decree since the order of transfer has not been recalled

C

The Decree Holder can seek amendment to the execution proceedings

D

The execution proceedings in Court 'B' come to an end a fresh execution petition would have to be filed of the new decree

Under Limitation Act, 1963, the period of limitation prescribed for setting aside exparte decree is

A

30 days

B

One month

C

60 days

D

Two months

A suit to set aside a transfer of property made by the guardian of a ward, by the ward who has attained majority, can be filed within three years (Article 60(1) of the Schedule of the Limitation Act, 1963) from when the

A

Transfer of the property was made

B

Person in possession is served notice

C

Ward attains majority

D

Person in possession refuses to hand over possession

An electronics shop was selling articles at a high discount. Kajal went to buy 3 articles from the shop. The cost of the first article is 33.33% less than the cost of the 2nd article. The cost of the 3rd article is 300% more than the discount on the 2nd article. The discount on the 1st article is 30% less than the discount on the 3rd article. After the discounts, Kajal receives an additional discount, which is equal to the sum of discounts on the first 2 articles. The discount on the 1st article is 80.55% less than the price of the 3rd article. Which of the following is true if the cost of article 1 is 50% less than the cost of article 3?

A

The discount on article 1 is less than the discount on article 2 by x% where x is 20.

B

Total discount on all the 3 articles including an additional discount is more than the price of article 3 by more than 16%.

C

The cost of article 2 is the geometric mean of the cost of articles 1 and 2.

D

The additional discount is less than 60% of the previous discount.

The period of limitation to set aside a sale in execution of a decree under Article 127 of the Schedule of the Limitation Act, 1963, from the date of the sale is:

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