The Statute of Limitations for Breach of a Sales Contract

question 52

Multiple Choice

The statute of limitations for breach of a sales contract:

• A) may be reduced between merchants to one year.
• B) may be expanded by the buyer and the seller to six years.
• C) begins to run from the signing of the contract.
• D) always requires a notice to the seller to activate the statute.

---

Definitions:

Applied Research

Research aimed at solving practical problems rather than acquiring knowledge for knowledge's sake.

Biopsychosocial Approach

An interdisciplinary model that looks at the interconnection between biology, psychology, and socio-environmental factors in understanding human health and illness.

Counseling Psychologist

A psychologist who specializes in providing guidance and support to help individuals cope with personal, social, or behavioral issues affecting their well-being.

Clinical Psychologists

Professionals specializing in diagnosing, treating, and preventing mental, emotional, and behavioral disorders through psychological methods.