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On January 15, 2009, Anders Brought an Action Against Barnes

question 37

Essay

On January 15, 2009, Anders brought an action against Barnes for breach of a contract for the sale of electronic parts. The breach occurred on January 10, 2005, and Anders discovered the breach on January 20, 2005. 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?

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Definitions:

Interlocking Directorates

The practice of having the same individuals serve on the boards of directors of multiple companies, potentially influencing competitive practices.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to preserve free and unfettered competition as the rule of trade.

U.S. Justice Department

The federal executive department responsible for enforcing the laws of the United States and administering justice.

Federal Trade Commission

A U.S. federal agency established in 1914 to promote consumer protection and the elimination and prevention of anticompetitive business practices.

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