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Part XIII Limitation of Actions, 51 Limitation of Actions

From: Global Sales and Contract Law (2nd Edition)

Ingeborg Schwenzer, Edgardo Muñoz

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 02 June 2023

Breach of contract — Limitation of liability — Performance of contract — Concurrent claims and choice of law — Breach date rule and damages — Conformity of goods

This chapter looks into the limitation of actions. All legal systems recognize the need to impose limitations or prescription periods. Also, many legal systems have statutory amendments to the law on limitations of actions at a more general level. The three principle policy reasons behind the imposition of a limitation period are unfair considerations, improperly enforced claims, and time reducing the availability of evidence. The chapter then discusses the extent of contract breaches in terms of traditional civil law, common law, and modern approaches. It includes the renewal and extension of limitation periods.

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