Schedule III

Description of period of limitation Time from which period Dispute or Suit begins to run 1.For money receivable Three years when repayment period is for money lent over 2. For money lent under Three years when loan is made an agreement that it shall be payable on demand. 3.For money deposited Three yearswhen demand is made under an agreement that it shall be payable on demand, including money for a member or a customer in the hands of society. 4.For the price of work done Three years when work is done by the parties to the dispute, where no time has been fixed for payment. 5.By a surety against the Three years when the surety pays the principal debtor creditor 6.By a surety against a Three years when the surety pays co-surety anything in excess of his own share. 7.For the balance of money Three years when goods ought to be advanced in payment of delivered goods to be delivered. 8.For price of goods, Three years the date of delivery of the goods sold and delivered goods where no fixed period of credit is agreed upon. 9.For the price of goods, Three years when period of credit goods sold and delivered to expires be paid for after the expiry of a fixed period of credit.] 100 existing schedule shall be numbered as Schedule I and after schedule I, schedule II and schedule III shall be inserted by Act 8/2013