Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 2A5 - Default
Section 2A506 - Statute of limitations

§ 2A506. Statute of limitations.
(a) General rule.--An action for default under a lease contract, including breach of warranty or indemnity, must be commenced within four years after the cause of action accrued. By the original lease contract the parties may reduce the period of limitation to not less than one year.
(b) Accrual of cause of action.--A cause of action for default accrues when the act or omission on which the default or breach of warranty is based is or should have been discovered by the aggrieved party, or when the default occurs, whichever is later. A cause of action for indemnity accrues when the act or omission on which the claim for indemnity is based is or should have been discovered by the indemnified party, whichever is later.
(c) New action after termination of another.--If an action commenced within the time limited by subsection (a) is so terminated as to leave available a remedy by another action for the same default or breach of warranty or indemnity, the other action may be commenced after the expiration of the time limited and within six months after the termination of the first action unless the termination resulted from voluntary discontinuance or from dismissal for failure or neglect to prosecute.
(d) Unaffected laws and actions.--This section does not alter the law on tolling of the statute of limitations nor does it apply to causes of action that have accrued before this division becomes effective.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 13 - COMMERCIAL CODE

Chapter 2A5 - Default

Extra - Chapter Notes

Section 2A501 - Default: procedure

Section 2A502 - Notice after default

Section 2A503 - Modification or impairment of rights and remedies

Section 2A504 - Liquidation of damages

Section 2A505 - Cancellation and termination and effect of cancellation, termination, rescission or fraud on rights and remedies

Section 2A506 - Statute of limitations

Section 2A507 - Proof of market rent: time and place

Section 2A508 - Lessee's remedies

Section 2A509 - Lessee's rights on improper delivery; rightful rejection

Section 2A510 - Installment lease contracts: rejection and default

Section 2A511 - Merchant lessee's duties as to rightfully rejected goods

Section 2A512 - Lessee's duties as to rightfully rejected goods

Section 2A513 - Cure by lessor of improper tender or delivery; replacement

Section 2A514 - Waiver of lessee's objections

Section 2A515 - Acceptance of goods

Section 2A516 - Effect of acceptance of goods; notice of default; burden of establishing default after acceptance; notice of claim or litigation to person answerable over

Section 2A517 - Revocation of acceptance of goods

Section 2A518 - Cover; substitute goods

Section 2A519 - Lessee's damages for nondelivery, repudiation, default and breach of warranty in regard to accepted goods

Section 2A520 - Lessee's incidental and consequential damages

Section 2A521 - Lessee's right to specific performance or replevin

Section 2A522 - Lessee's right to goods on lessor's insolvency

Section 2A523 - Lessor's remedies

Section 2A524 - Lessor's right to identify goods to lease contract

Section 2A525 - Lessor's right to possession of goods

Section 2A526 - Lessor's stoppage of delivery in transit or otherwise

Section 2A527 - Lessor's rights to dispose of goods

Section 2A528 - Lessor's damages for nonacceptance, failure to pay, repudiation or other default

Section 2A529 - Lessor's action for the rent

Section 2A530 - Lessor's incidental damages

Section 2A531 - Standing to sue third parties for injury to goods

Section 2A532 - Lessor's rights to residual interest