Template:S6 Limitation Act 1980 nutshell: Revision history

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2 November 2023

  • curprev 12:3812:38, 2 November 2023Amwelladmin talk contribs 696 bytes +696 Created page with "6 '''Special time limits for demand loans''' <br> :(1) The limitation period for simple contracts as set out in Section 5 will not apply to “demand loans”. Instead, the cause of action on a demand loan will accrue, and the limitation period will begin to run as if it were a simple contract, from the date on which a creditor first demands repayment in writing. :(2) A “'''demand loan'''” is a loan with no defined repayment date and that is repayable on demand,..."