3.-(1) Subject to the provisions of this Law, no action shall be brought upon, for or in respect of-
(a) any bond in customary form or any mortgage, after the expiration of fifteen years from the date on which the cause of action accrued;
(b) any judgment, after the expiration of fifteen years from the date on which judgment became enforceable;
(c) any claim to the estate of a deceased person or to any share or interest therein, whether under a will or on intestacy, after the expiration of twelve years from the date when the claim to the estate or the right to receive the share or interest therein accrued;
(d) any book debt due to or from a bank, after the expiration of six years from the date on which the cause of action accrued;
(e) any remuneration, fee or charge of any advocate, medical practitioner, dentist, midwife or teacher, after the expiration of three years from the date on which the cause of action accrued;
(f) any goods sold and delivered, shop bill, hotel bill, book debt, (other than a book debt as mentioned in paragraph (d) hereof) work and labour done, wages of artisans, labourers or servants, after the expiration of three years from the date on which the cause of action acrrued.
(2) For the purposes of paragraph (a) of subsection (1) of this section-
(a) “bond in customary form” means a bond as defined by section 78 of the Contract Law;
(b) any proceedings taken under the provisions of the Sale of Mortgaged Property Law, shall be deemed to be an action.
(3) for the purposes of paragraph (d) of subsection (1) of this section-
“bank” means any company having banking business in the Colony;
“company” includes every company formed and registered under the provisions of the Companies Law, or any Law amending or substituted for the same, and every company incorporated outside the Colony which establishes or has established a place of business within the Colony.