| Statutes of Limitation:
Civil actions generally can be commenced only within certain time limitations. The time generally runs from the date a cause of action accrues or from the date injury or damages are discovered or should have been discovered.
When a cause of action accrues is a critical issue and may be different on a case by case basis. A creditor should always consult actual legal counsel to determine its right to action under the applicable statutes. Some of the time limitations relevant to credit and collection matters are as follows:
| Sale of goods |
4 years |
MSA 19.2725 |
| Breach of Contract |
6 years |
MSA 27A.5807(8) |
| Injuries to person or property |
2 years
|
MSA 27A.5805
|
| Common carriers |
2 years |
MSA 27A.5811 |
| Personal action not specifically provided for by statute |
6 years
|
MSA 27a.5813
| |