What is the statute of limitations for a breach of contract?
California, United States of America
The following excerpt is from Jaffe v. Carroll, 110 Cal.Rptr. 435, 35 Cal.App.3d 53 (Cal. App. 1973):
The statutory limitations period for breach of contract commences when the party wronged knows, or reasonably shoudl know of the breach. (Budd v. Nixen, 6 Cal.3d 195, 203, fn. 6, 98 Cal.Rptr. 849, 491 P.2d 433.) From the pleadings presented it is possible that the statute of limitations may be Tolled if a contractual relationship existed between the parties. 2
Page 439
Second Cause of Action:
Appellants contend that their second cause of action is based on a gift theory.
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