Limitation Act, 1963–Arts. 55 & 113–Dismissal of suit as barred by limitation–Appreciation of–Suit for compensation for breach of contract–Hire purchase contract–Clause 4 of agreement revealing that the right to sue would be accrued when the hirer commits the breach of agreement–Default in payment of an installment is nothing but a breach of the agreement–Suit filed by the plaintiff was beyond the period of three years and it was rightly held barred by limitation.