Asked by nadezhda kurilov on Jun 05, 2024
Verified
Lisa did not deliver goods in 1992 as her contract with Jozell required,but Jozell took no legal action for fifteen years and then sued Lisa for breach of contract.Discuss the suit.
Breach Of Contract
A situation in which one party fails to fulfill the terms of a contract, leading to legal consequences for the breaching party.
Legal Action
A formal process in which a legal proceeding is initiated to enforce a particular right, seek a remedy for a breach, or obtain a legal ruling.
- Analyze the duties imposed by contracts and the repercussions of inability to perform those duties.
- Examine and critique the legal propositions and conclusions in hypothetical contract law situations.
Verified Answer
SC
Stephanie ContrerasJun 07, 2024
Final Answer :
The UCC statute of limitations for bringing suit for breach of contract of a sales contract is four years.While the statute of limitations does not technically void the debt,it gives the debtor a defense against any demand for collection.
Learning Objectives
- Analyze the duties imposed by contracts and the repercussions of inability to perform those duties.
- Examine and critique the legal propositions and conclusions in hypothetical contract law situations.
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