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On January 15, 2012, Anders brought an action against Barnes for breach of a contract for the sale of electronic parts. The breach occurred on January 10, 2008, and Anders discovered the breach on January 20, 2008. The state statute of limitations for contract actions is five years. Barnes raised the UCC statute of limitations as a defense to the action. Is this defense valid?
Duty Drawbacks
Duty drawbacks are refunds of customs duties paid on imported materials that are later exported, either in the same or a modified form, encouraging international trade.
Foreign Corrupt Practices Act
A United States federal law that aims to prevent the bribery of foreign officials for business purposes and ensure accounting transparency.
Bribery Charges
Legal accusations against individuals or entities for offering, giving, receiving, or soliciting something of value to influence actions or decisions of officials or representatives.
Facilitate Performance
The process of making it easier for a system, organization, or individual to achieve its goals and improve effectiveness.
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