Perry and Tim negotiate a contract governed by the UCC. Tim wants to extend the time to make a warranty claim, so Perry and Tim agree that Tim could sue for breach any time within eight years. Tim sues for breach after six years. Can Tim make a claim?
A) Yes, because there is a 10 year statute of limitations under the UCC.
B) Yes, because the parties are free to negotiate any statute of limitations they want.
C) No, because parties to a contract are never allowed to negotiate on the statute of limitations.
D) No, because the UCC requires a lawsuit to be brought within four years and parties to a contract are not free to negotiate a longer time period than the UCC's four year limit.
E) It depends upon the contract terms.

Question

Quizplus · Accepted Answer

The UCC sets a four-year statute of limitations for breach of contract claims, and parties cannot extend this period beyond four years, although they can agree to shorten it.

Perry and Tim Negotiate a Contract Governed by the UCC