"Construction Loan Agreements and Variations" is a American Lawyer Media form. This form is to be used as a construction loan agreement.
Mississippi Construction Loan Agreements and Variations
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Multi-State
Control #:
US-CLA198
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FAQ
For example, under Mississippi law, 18-year-olds can enter into contracts and settle personal injury lawsuits. This article provides a brief overview of legal age statutes in the state of Mississippi.
Statute of limitations in contracts for sale. An action for breach of any contract for sale must be commenced within six (6) years after the cause of action has accrued. A cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.
In Mississippi you must normally file a claim for a breach of contract within three (3) years.
Code § 1-3-27. The term "minor," when used in statute, except as otherwise provided by law shall include any person, male or female, under twenty-one (21) years of age.
Mississippi Criminal Statute of Limitations at a Glance While misdemeanors typically have a two-year time limit in Mississippi, felonies such as murder and some sexual assault charges have no time limit.
Breach of a written contract: Four years from the date the contract was broken. Breach of an oral contract: Two years from the date the contract was broken.
§ 31-7-13. All agencies and governing authorities shall purchase their commodities and printing; contract for garbage collection or disposal; contract for solid waste collection or disposal: contract for sewage collection or disposal; contract for public construction; and contract for rentals as herein provided.
Another example is the statute of repose, which is the date the victim must file a civil action by, even if the injury has not yet been discovered. In Mississippi, the statute of repose is seven years from the date of the malpractice.