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  • Which of the following legislation in India provides for Extingusihment of liablity ?Option: 1 <span style="font-

Which of the following legislation in India provides for Extingusihment of liablity ?

Option: 1

The Indian Contract Act, 1872


Option: 2

The Indian Penal Code, 1863


Option: 3

The Limitation Act, 1963


Option: 4

Both (a) & (c)


Answers (1)

best_answer

Parties can include clauses in contracts that specify conditions under which liability is extinguished, further reinforcing the importance of fulfilling legal obligations.Limitation Act, 1963 prescribes specific time limits for initiating legal actions. Failure to adhere to these time limits may result in the automatic extinguishment of liability. Hence, option (d) is correct.

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