Legal Question in Business Law in Florida
written contract statue of limitation
the contract involves the sale of business in Florida, of which the buyer did not pay the amount agreed upon, as agreed. Wanted to know what the statue of limitations was in Florida regarding such a situation
2 Answers from Attorneys
Re: written contract statue of limitation
Verify which state's law applies and then you can determine the limitations.
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The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Re: written contract statue of limitation
4 years if the agreement was oral, 5 years if the agreement was in writing. In certain circumstances, there can be significant complications with delay, however.
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