Business Law Newsletter - January 2013

more+
less-

In This Issue:

- Written Contracts and the Statute of Limitations...Page 1

- Website Owners: Who is Liable for Third Party Postings on Your Website?...Page 2

- Business Tort Brings Sanctions...Page 3

- Excerpt from Written Contracts and the Statute of Limiations:

Business people prefer written to oral contracts for many reasons. Among them, the terms of a written contract are less susceptible to misconstruction or misunderstanding, and some oral agreements – including real estate transactions and contracts not to be performed within a year – may not be enforceable at all if they are not in writing. Another important distinction is the statute of limitations. In Virginia, an action on a written contract must be commenced within five years of signing the contract or the accrual of the cause of action. For an oral contract, the limitations period is three years. The distinction became very important to Gerald T. Dixon when he realized he had a cause of action against his surveyor more than three years after the date of their agreement...

Please see full newsletter below for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bean, Kinney & Korman, PC | Attorney Advertising

Written by:

more+
less-

Bean, Kinney & Korman, PC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×