Template:Simplecontract

“Simple contract” is not defined, but the context of a Limitation Act puts it in contrast to payment claims under insurance contracts — perhaps not simple because of the duty of utmost good faith implied in them — who knows? — and under certain loans, being those which:

• do not have a fixed repayment date, and
• do not make the repayment obligation conditional on a demand for repayment”. So, a revolving credit facility, or perhaps a bank deposit.