51.01 In practical terms it can be said that all legal systems recognize the need to impose limitation1 or prescription periods.2 However this practical reality belies the subtle but significant differences that exist amongst jurisdictions. The limitations of actions considered in this chapter are those specifically related to contracts for the sale of goods. The limitations on issues of mistake, fraud, and duress are discussed earlier in this work.3 Furthermore, time periods within which a party must give notice of a breach of contract are not limitation periods,...
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