Perry and Tim negotiate a contract governed by the UCC.Tim wants to extend the time to make a warranty claim,so Perry and Tim agree that Tim could sue for breach any time within eight years.Tim sues for breach after six years.Can Tim make a claim?
A) Yes because there is a 10 year statute of limitations under the UCC
B) It depends upon the contract terms.
C) Yes,because the parties are free to negotiate any statute of limitation they want.
D) No,because parties to a contract are never allowed to negotiate on the statute of limitation.
E) No,because the UCC requires a lawsuit to be brought within four years and parties to a contract are not free to negotiate a longer time period than the UCC's four year limit.
Correct Answer:
Verified
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