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Under the Uniform Commercial Code, a buyer must bring a lawsuit on a breached contract within _____ of when the breach occurred or when the buyer became aware of it.

User Asim Shahzad
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1 Answer

10 votes
10 votes

Answer:

10 days.

Step-by-step explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Uniform Commercial Code (UCC) is a set of comprehensive, codified, and modernized business laws that regulate commercial transactions and financial contracts across different state in the United States of America.

The U.C.C isn't a federal law, but a uniformly adopted state law with the sole aim and purpose to create uniformity of law across multiple court jurisdictions in the United States of America. It is called the backbone of American commerce because it has been adopted by all 50 states, in whole or in large part and thus, enhancing commercial transactions or business to thrive significantly.

Under the Uniform Commercial Code, a buyer must bring a lawsuit on a breached contract within 10 days of when the breach occurred or when the buyer became aware of it.

User TomSawyer
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