Other Issues Posed By The UCC Statutes Of Limitation

LexisNexis (July 22, 2019, 12:03 PM EDT) -- In our prior story, we focused on a recent North Dakota decision dealing with the relationship between common law tort theories and the UCC statute of limitations. In this next story, we take a look at other issues that arise under the UCC, which establishes a comprehensive statute of limitations for negotiable instruments under UCC 1-118, and for bank rights and duties under UCC 4-111. In addition, the statute defers to the courts the issue of when a given cause of action “accrues.”...