Under the UCC,the parties are free to set reduce the statute of limitations applicable to a contract but may not extend it.

Name: Under the UCC,the parties are free to set reduce the statute of limitations applicable to a contract but may not extend it.
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According to the UCC 2-725, the statute of limitations for a contract may be shortened by agreement, but it cannot be extended beyond the statutory period.

Under the UCC,the Parties Are Free to Set Reduce the Statute