The statute of limitations for breach of a sales contract:
A) may be reduced between merchants to one year.
B) may be expanded by the buyer and the seller to six years.
C) begins to run from the signing of the contract.
D) always requires a notice to the seller to activate the statute.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code allows merchants to reduce the statute of limitations for breach of a sales contract to not less than one year.

The Statute of Limitations for Breach of a Sales Contract