Re: Written Contract or Open Account
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Posted by Why Chat (209.240.205.61) on December 16, 2003 at 18:57:47:
In Reply to: Written Contract or Open Account posted by Justapauper on December 16, 2003 at 15:33:51:
Lady is, as usual, correct. Here is a website from a Ky COLLECTION Attorney: http://lloydmc.com/articles/ky_collection_law_review.shtml
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And here is an excerpt from his site;
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XII. LIMITATION OF ACTIONS
A. Open account.
Open account debts in Kentucky are subject to a five year statute of limitation pursuant to K.R.S. 413.120. However, pursuant to K.R.S. 355.2-725, there is a four year statute of limitations for breach of a contract for the sale of goods. Whether or not this means that an action for goods sold and delivered is subject to a four year statute remains subject to interpretation
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As I posted on the Ky pages of my website, which means, if you only used your credit to purchase "goods" as in an in store account, Ky as some other States gives you the 4 year UCC SOL.
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