Keep your finger on the pulse
Language: English Series: Estates Gazette ; (1123) 11 June 2011, 80(1)Publication details: 2011Subject(s): Summary: Explains why 2011 may be the deadline for many property investors to issue negligence claims which are currently increasing due to the economic downturn. As a general rule an action for breach of contract can be brought at any time prior to the expiry of the six years from the date on which the cause of action accrued. One of the important specific exceptions to this is that a claimant must have had actual knowledge of the fact that they have a claim so if a purchase took place in 2001 and the buyer did not find out about an issue with the purchase price until they tried to sell the property in 2008 the time allowed for issuing proceedings will expire some time in 2011.| Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
|---|---|---|---|---|---|---|---|
| Journal article | London Journal article | L153189 (Browse shelf(Opens below)) | 1 | Available | 153189-1001 |
Explains why 2011 may be the deadline for many property investors to issue negligence claims which are currently increasing due to the economic downturn. As a general rule an action for breach of contract can be brought at any time prior to the expiry of the six years from the date on which the cause of action accrued. One of the important specific exceptions to this is that a claimant must have had actual knowledge of the fact that they have a claim so if a purchase took place in 2001 and the buyer did not find out about an issue with the purchase price until they tried to sell the property in 2008 the time allowed for issuing proceedings will expire some time in 2011.