What is the statute of limitations for business litigation?

The statute of limitations for business litigation in South Carolina is three years. This means that a lawsuit must be filed within three years of the time the claim accrued, or the time when the injury took place or was noticed. The statute of limitations for business litigation is the same in all states, but some states have shorter limits for certain types of cases. In South Carolina, the statute of limitations for business litigation is based on the type of business and the type of claim. For example, if the claim is based on a written contract, then it must be filed within three years of when the contract was breached. If the claim is based on an oral contract, then it must be filed within two years of when the contract was breached. When filing a lawsuit, it is important to act quickly and consult an attorney. After the three-year period, the claim can no longer be pursued in court. If the plaintiff waits too long to file, they may be barred from recovering damages, even if the claim is valid.

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What is the statute of limitations for business litigation?

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