LegalFix
Sign In

§ 12-543 Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation

AZ Rev Stat § 12-543 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

12-543. Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation

There shall be commenced and prosecuted within three years after the cause of action accrues, and not afterward, the following actions:

1. For debt where the indebtedness is not evidenced by a contract in writing.

2. Upon stated or open accounts other than such mutual and current accounts as concern the trade of merchandise between merchant and merchant, their factors or agents, but no item of a stated or open account shall be barred so long as any item thereof has been incurred within three years immediately prior to the bringing of an action thereon.

3. For relief on the ground of fraud or mistake, which cause of action shall not be deemed to have accrued until the discovery by the aggrieved party of the facts constituting the fraud or mistake.

Previous Section
§ 12-542 Injury to person; injury when death ensues; injury to property; conversion of property; forcible entry and forcible detainer; two year limitation
Next Section
§ 12-544 Bond to convey realty; partnership account; account between merchants; judgment or instrument given or made without the state; four year limitation