Template:M premium summary contract Limitation Act

• “From when the cause of action accrued”: how that differs between contract and tort. It is important: especially if you are a homeowner, or you buy and sell emissions allowances.
• It extinguishes the right to take legal action, not the debt: the implications of this, especially for regulated organisations and those with fiduciary obligations.
• A section entitled “Set-off, Geoffrey Boycott’s grandmother and Der fliegende Holländer” — which should be reason enough to read it — and how one might enforce a contractual claim even though it has become time-barred.
• “Simple contracts”: what are they then?