In a recent case in Connecticut, the issue was raised about when a statute of limitations begins to run.
In a recent case in Connecticut, the issue was raised about when a statute of limitations begins to run. In that case, the defendant alarm company applied for and received credit from the plaintiff, a distributor of fire and home security equipment. The initial credit application required that the account be paid in full within 30 days of shipment, but the plaintiff often permitted the defendant to extend the credit limits longer than the 30 days as long as a lump sum payment was made from time to time. The defendant stopped making payments on the account and the plaintiff filed an action to recover damages from the defendant for breach of contract.