Which of the following is true ........

Limitation Act (LA) 1963 Miscellaneous Provisions

Which of the following is true?

In B.B. & D. Mfg. Co. v. ESI Corporation, AIR 1972 SC 1935 it was observed by the Supreme Court that- “The object of the Statutes of Limitations to compel a person to exercise his rights of action within a reasonable time as also to discourage and suppress stale, fake or fraudulent claims….”

In Balakrishnan v. M.A. Krishnamurthy (1998) 7 SCC 123, it was held by the Supreme Court “that the Limitation Act is based upon public policy which is used for fixing a life span of a legal remedy for the purpose of general welfare. …”.

Both a and b

Neither a nor b

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Explanation:

- Option 1: In the case B.B. & D. Mfg. Co. v. ESI Corporation, AIR 1972 SC 1935, the Supreme Court observed that the object of Statutes of Limitations is to compel a person to exercise his rights within a reasonable time and to discourage stale, fake, or fraudulent claims. This statement is correct.

- Option 2: In Balakrishnan v. M.A. Krishnamurthy (1998) 7 SCC 123, it was held by the Supreme Court that the Limitation Act is based on public policy to fix a lifespan of a legal remedy for the purpose of general welfare. This statement is also correct.

- Option 3: Both a and b are true.

- Option 4: Neither a nor b is true, which is incorrect based on the valid statements above.

The correct answer is:

Option 3: Both a and b