If A wants to file a civil suit against B for breach of contract but, as per The Limitation Act, 1963, the time to file the suit is within 3 years of arising of cause of action but more than 5 years have been passed. this case is an example of ?
Breach of Contract
Extinguishment of Liablity
Negligence
Both (b) & (c)
Failure to adhere to these time limits provided in the statue may result in the automatic extinguishment of liability, emphasizing the operation of law in this context. Hence, option (b) is correct.