Sales of goods transactions are subject to a statute of limitations period of:
A) one (1) year.
B) two (2) years.
C) three (3) years.
D) four (4) years.

Question

Quizplus · Accepted Answer

Sales of goods transactions are subject to a statute of limitations period of four (4) years under the Uniform Commercial Code (UCC), specifically section 2-725. This means that a buyer has four years from the time of delivery to bring an action against the seller for breach of contract.

Sales of Goods Transactions Are Subject to a Statute of Limitations