On May 2,1972,Mix,an accountant,entered into an oral contract with Dell to provide certain accounting services to Dell.The contract was fully performed by both parties in 1974.On April 25,1988,Dell commenced a breach of contract action against Mix claiming that Mix improperly performed the accounting services.Mix's best defense to the action would likely be:
A)Parol evidence rule
B)Statute of limitations
C)Statute of frauds
D)Lack of consideration

Question

Quizplus · Accepted Answer

According to the statute of limitations,a person who has breached a contractual duty is discharged from liability for breach if no lawsuit is brought before the statutory period elapses.In this case there has been unreasonable delay on the part of Dell in bringing a lawsuit against Mix.

On May 2,1972,Mix,an Accountant,entered into an Oral Contract with Dell