Which of the following conditions must be satisfied for the applicability of Section 10 Limitation A...........

Limitation Act (LA) 1963 Limitation of Suits etc

Which of the following conditions must be satisfied for the applicability of Section 10, Limitation Act, 1963?

There must be property which has become vested in a person in trust for a specific purpose

The suit must be against such persons or his legal representatives or assigns (not being assigns for valuable consideration

The suit must be for the purpose of following in the hands of such person the trust property or its proceeds or for an account of such property or proceeds

All of these

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Explanation:

- Option 1: There must be property that is vested in a person in trust for a specific purpose. This condition is essential because Section 10 applies specifically to situations involving trust property.

- Option 2: The suit must be against such persons, or their legal representatives, or assigns (not being assigns for valuable consideration). This means those who have taken the property without paying for it or earning it.

- Option 3: The suit must be for the purpose of following in the hands of such person the trust property or its proceeds, or for an account of such property or proceeds. This establishes the purpose of the action, which is to trace and account for the trust property.

- Option 4: All of these: All three conditions must be met for Section 10 to apply. This ensures that the protection of trust property is adequately addressed under the law.