BUSINESS ADMINISTRATION
BUSINESS LAW
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Detailed explanation-1: -The applicable limitation period depends on the precise cause of action. Putting to one side claims under the DPA (discussed in the next post), as a general rule for contractual and most tort claims, the limitation period is six years from accrual of the cause of action (Limitation Act 1980, ss 2 and 5).
Detailed explanation-2: -According to the Limitation Act of 1980, lawsuits founded on the law of tort (i.e., civil wrongs) or infringement must be filed within 6 years of the claim for damages arising, which is either the date of the act or omission or the date of the breach of contract, respectively.
Detailed explanation-3: -Expiry of prescribed period when court is closed.-Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instituted, preferred or made on the day when the court reopens.