We appreciate your visit to is a rule which provides that an action for breach of any written or oral sales or lease contract must commence within four years after. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Final answer:
The UCC statute of limitations is the rule that provides a time limit for bringing a legal action for breach of a sales or lease contract. Therefore the correct option is D
Explanation:
The correct answer is D) UCC statute of limitations.
The UCC (Uniform Commercial Code) is a set of laws that governs commercial transactions, including sales and leases of goods. The UCC statute of limitations specifies the time period within which a party must bring a legal action for breach of a sales or lease contract. In this case, the UCC statute of limitations provides that an action for breach of any written or oral sales or lease contract must commence within four years after the cause of action accrues.
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