A borrowed a sum of Rs. 5000 from B which he did not repay for a period of three years. Now, which one of the following rights does B have against A ?
A
Perfect right
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B
Imperfect right
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C
Proprietary right
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D
None of the above
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Solution
The correct option is B Imperfect right An imperfect right is the one which is recognized by the law but it cannot be enforced. For Eg: a Time barred debt, or a claim against a foreign sovereign. The situation given in the question is an example of a time barred debt. Hence B has imperfect right A, which is no longer enforceable but can be recognize as per the existing laws. Hence the correct answer is B.