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Richard
Richard, Attorney
Category: Business Law
Satisfied Customers: 53969
Experience:  32 years of experience practicing law and a businessman.
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I own a restaurant in NY. a vendor is claiming that I owe m

Customer Question

I own a restaurant in NY. a vendor is claiming that I owe him for product delivered from 2008 thru 2012. Is there a statute of limitations on this?
thanx
Submitted: 1 year ago.
Category: Business Law
Expert:  Richard replied 1 year ago.

Good morning. My name is ***** ***** I look forward to helping you.

Yes, there is an applicable statute of limitations. Whether or not there was a written agreement, this was an open account, or this was a verbal agreement, under N.Y. Civ. Prac. Laws & Rules § 201 et. seq., the statute of limitations is 6 years.

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