151. Defences to claim for an account.

The following may be good defences to a partner's claim for an account:

  1.  

    (1)     denial of partnership1;

  2.  

    (2)     illegality or fraud, or forfeiture under a power contained in the partnership agreement2;

  3.  

    (3)     laches3;

  4.  

    (4)     expiration of the limitation period