Article 2 — Sales · Section 2-725
This section outlines the statute of limitations for actions under the Uniform Commercial Code regarding the sale of goods.
Source: U.C.C. § 2-725
An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
UCC § 2-725 sets a four-year limit for filing a lawsuit for breach of a sales contract. Parties can agree to shorten this period to at least one year, but they cannot make it longer than four years.
A law prescribing the time period in which legal action can be initiated.
A violation of the terms of a legally binding agreement.
Example 1
A buyer notices that the goods he purchased are defective and wants to sue the seller. He must file his lawsuit within four years from the date of delivery.
Example 2
If two businesses agree in their contract to a one-year statute of limitations, the buyer must initiate any legal action within that timeframe if there is a dispute.