Statute of Limitations Determined by Industry

The UCC isn’t the only legal code that includes a statute of limitations; time limits can vary by industry. For example, federal law requires that claims for charges or refunds of overcharges in the freight industry must be brought within 18 months of the date the claim accrues (normally the date of shipment). Be sure you understand the laws that apply to your industry, even if you need to talk to an attorney.

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