Issue: Is the statute of limitations for a breach of contract tooled by negotiations to resolve a breach?
| Area of Law: | Business Organizations & Contracts |
| Keywords: | Statute of limitations; Breach of contract; Tolled by negotiations to resolve breach |
| Jurisdiction: | Federal |
| Cited Cases: | None |
| Cited Statutes: | None |
| Date: | 07/01/2001 |
A material breach terminates a contract, see 51 Am. Jur. 2d Contracts §§ 147–148, 160 (2000). Without a tolling statute, the limitations period is not suspended while parties to a contract attempt to negotiate a resolution to the material breach.
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