Written agreement that contemplates the payment of money or property: 10 Years, (Mo.Rev. Stat. §5l6.ll 0). NOTE: Under certain circumstances, the contractual statute of limitations may be reduced to five years.
Open accounts: 5 years, (Mo. Rev. Stat. §5l6.l20).
Sale of goods under the UCC: 4 years. NOTE: The statute begins to run from the date when the breach occurred for contracts and from the time of the last item in the account on the debtor's side for actions on accounts.
Remember if you make one payment afdter the SOL has started this resets the SOL and then it begins from the date of your last payment.
Hi MC
Statute of Limitation is 10 years for written contracts and promissory notes and 5 years for oral agreements and open ended accounts. Statute of Limitation starts after 6 months from the date of your last missed payment towards the debt.
Yes this is true. The put a lien against it and if it is ever sold it will show up when the house is to be transferred or sold and then they would have to be paid before the new owner could own the home.
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Missouri Statutes of Limitation
Written agreement that contemplates the payment of money or property: 10 Years, (Mo.Rev. Stat. §5l6.ll 0). NOTE: Under certain circumstances, the contractual statute of limitations may be reduced to five years.
Open accounts: 5 years, (Mo. Rev. Stat. §5l6.l20).
Sale of goods under the UCC: 4 years. NOTE: The statute begins to run from the date when the breach occurred for contracts and from the time of the last item in the account on the debtor's side for actions on accounts.
Remember if you make one payment afdter the SOL has started this resets the SOL and then it begins from the date of your last payment.
Hi MC
Statute of Limitation is 10 years for written contracts and promissory notes and 5 years for oral agreements and open ended accounts. Statute of Limitation starts after 6 months from the date of your last missed payment towards the debt.
credit cards judgements
if i put my house in my sons name and he has judgements can they take the house
they can put a lien against it.
Yes this is true. The put a lien against it and if it is ever sold it will show up when the house is to be transferred or sold and then they would have to be paid before the new owner could own the home.
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You've made some intriguing oairevbtsons in your article. I am impressed with how well-written your article is and how much information you included. It just verifies that there are writers a passion for the art.