The majority of courts hold that the running of the statute of limitations operates to discharge a contract.

Name: The majority of courts hold that the running of the statute of limitations operates to discharge a contract.
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The running of the statute of limitations does not discharge a contract; it merely bars the remedy of enforcing the contract through litigation. The obligation may still exist, but it cannot be legally enforced in court.

The Majority of Courts Hold That the Running of the Statute