In their Commercial Division Update, George Bundy Smith, an arbitrator and mediator with JAMS and a former associate judge of the New York Court of Appeals, and Thomas J. Hall a partner with Chadbourne & Parke, write that where an action for breach of contract is otherwise time-barred because the action accrued more than six years earlier, proof of written acknowledgement or partial payment of the underlying debt may renew the statute of limitations as of the date of that acknowledgement or payment.
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When an Acknowledgement of Debt Renews the Statute of Limitations
New York Law Journal
August 17, 2012
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