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

Limitation Act (LA) 1963 Limitation of Suits etc

Which of the following is true?

The period of limitation with respect to suit for specific performance of a contract is three years from the date fixed for the performance, or, if no such date is fixed, when the plaintiff has notice that performance is refused.

The period of limitation with respect to suit for compensation for the breach of any contract, express or implied not herein specially provided for is Three years from the date when the contract is broken or (where there are successive breaches) when the breach in respect of which the suit is instituted occurs or (where the breach is continuing) when it ceases.

Both a and b

Neither a nor b

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Explanation:

Articles 54 and 55 to the Schedule –

54. For specific performance of a contract. Three years. The date fixed for the performance, or, if no such date is fixed, when the plaintiff has notice that performance is refused.

55. For compensation for the breach of any contract, express or implied not herein specially provided for. Three years. When the contract is broken or (where there are successive breaches) when the breach in respect of which the suit is instituted occurs or (where the breach is continuing) when it ceases.