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Statute of limitations for breach of contract?

Daniel King

in Student Loans

1 answer

1 answer

Heather Maxwell on November 23, 2018

A breach of contract would be a civil suit. Most jurisdictions have a statute of limitations in such cases. Varies from 2 years to much more. Additionally, different limitations period apply depending upon whether the contract was verbal or in writing. It is also important to know, when it comes to determining the statute of limitation, when the past performance of a requirement under the contract (such as partial payment of a debt). Generally, the limitation period will begin anew from the date of last performance (rather than dating back to the date on which the original debt was incurred). Consult a lawyer in your specific jurisdiction to find out what fits in your area and the nuances that apply to the facts..

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