The majority of courts hold that the running of the statute of limitations operates to discharge a contract.

Name: The majority of courts hold that the running of the statute of limitations operates to discharge a contract.
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The running of the statute of limitations does not discharge a contract; it merely bars the remedy to enforce the contract through the court system. The obligation or debt still exists, but cannot be legally enforced after the statute of limitations has expired.

The Majority of Courts Hold That the Running of the Statute