On January 15, 2012, Anders Brought an Action Against Barnes

question 1

Essay

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?

Learn how to prepare and write performance reviews that may contain negative feedback.

Identify viable strategies for refusing social networking recommendation requests diplomatically.

Understand the requirements for drafting effective rejection letters to job applicants.

Recognize the importance of delivering sensitive documents, like termination letters, appropriately.

---

Definitions:

Land and Building

Real estate assets including both the physical ground (land) and any structures (buildings) that are permanently attached to it.

Sales

The activities involved in selling goods or services in return for money or other compensation.

Net Income

The amount of money that remains after all operating expenses, taxes, and interest have been deducted from total revenue.

Net Margin

A profitability metric that calculates the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted.