Mark the incorrect proposition:<br>1. Set-off is a statutory defence to a plaintiff's action, whereas a counterclaim is a cross-action.<br>2. Set-off and counter-claim arises out of the same transaction.<br>3. Set-off should not be barred on the date of the suit while counter-claim should not be barred on the date of filing of written statement.<br>4. Claim for set-off cannot exceed plaintiff's claim, whereas counterclaim can exceed the plaintiffs claim.<br>5. Both set-off and counter-claim cannot exceed the pecuniary jurisdiction of the court.

Correct Answer: 2 only