wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

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
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Imperfect right
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Proprietary right
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Treatment-II
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon