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Understanding Statute of Limitations

The last post in this topic was posted 3386 days ago. 

 

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So, I looked up the statute of limitations in the states that I need them but I am confused by them. (Sorry, exhausted by two toddlers or simple brain or both). It states "Contracts written and under seal" - 20 years & "Written Contracts"-10 years.

 

My questions are:

 

What is the difference between the two contracts?

What would credit cards and loans fall under?

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I've read that in some states a contract has to show a seal to be considered "under seal" such as a notary stamp or a statement that attests to the fact that the doc and signatures are authentic etc. But in other states the language is written into the contract. A note on a mortgage will probably be under seal. CCs are considered open accounts and in most states cary their own SOL's. Whychat has great site that lists all of the SOLs for each state.

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So, I looked up the statute of limitations in the states that I need them but I am confused by them. (Sorry, exhausted by two toddlers or simple brain or both). It states "Contracts written and under seal" - 20 years & "Written Contracts"-10 years.

 

My questions are:

 

What is the difference between the two contracts?

What would credit cards and loans fall under?

 

what state are you in?

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The last post in this topic was posted 3386 days ago. 

 

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