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Home / Opinion Digests / Business Law / Bank’s Warranty Claims Time-Barred (access required)

Bank’s Warranty Claims Time-Barred (access required)

Plaintiff bank’s suit for breach of warranties in a Loan Participation Agreement with defendant bank is barred by the North Carolina three-year statute of limitations, as the breach occurred at the time the loan documents were executed, not when the breach was discovered, but the Danville U.S. District Court will stay judgment for defendant bank ...

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