What is the Statute of Limitations for Breach of Contract in Ohio?
Full Question:
Answer:
A statute of limitations is a law which sets the maximum period which one can wait before filing a lawsuit, depending on the type of case or claim. The periods vary by state and by type of claim. If the lawsuit or claim is not filed before the statutory deadline, the right to sue or make a claim is lost forever. The contractual methods for dealing with statutes of limitations restrictions include a new promise to pay or an acknowledgment of a debt from which such promise may be inferred, or contractual limitation periods and waivers of the defense.
The statute of limitations in Ohio for a written contract is 15 years. This means that a doctor's office has 15 years from the date payment is due to sue for collection of payment.
The following is an Ohio statute:
2305.06 Contract in writing.
Except as provided in sections 126.301 and 1302.98 of the Revised Code, an action upon a specialty or an agreement, contract, or promise in writing shall be brought within fifteen years after the cause thereof accrued.