What is the limitation period for making a demand on a non-demand debt?
Ontario, Canada
The following excerpt is from Uni-Select Eastern Inc. v. 2067195 Ontario Inc., 2018 ONSC 2345 (CanLII):
It is commonly understood that the limitation period begins to run once a demand is made. The parties do not disagree about this. With a non-demand debt obligation the limitation period begins to run on the date the creditor becomes aware or ought to have been aware that the obligation may be enforced due to a breach of the lending agreement: [Skuy v. Greennough, at para. 43].
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
If a limitation period is extended after the expiry of the limitation period, is it appropriate to amend the statute of limitation period? (Ontario, Canada)
What is the effect of an amendment to the limitation period on the duration of a limitation period? (Ontario, Canada)
Does the limitation period for damage caused by defective wiring in a car constitute a limitation period under the Highway Traffic Act? (Ontario, Canada)
What is the limitation period for an assessment under the Limitations Act, 2002? (Ontario, Canada)
Does a rolling limitation period apply to a claim for periodic payments? (Ontario, Canada)
Does section 21(1) of the Limitations Act, 2002 apply to add a third party to the limitation period? (Ontario, Canada)
What is the limitation period for making a Statement of Claim? (Ontario, Canada)
How has the limitation period been interpreted in family law cases? (Ontario, Canada)
Is there a limitation period between 1998 and 2004? (Ontario, Canada)
What is the limitation period for an application to appeal against a denial of a licence application? (Ontario, Canada)
