What is the statute of limitations for an indemnification action from payment of judgment?

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Multiple Choice

What is the statute of limitations for an indemnification action from payment of judgment?

Explanation:
Indemnification is a contract-based obligation, so the claim to recover a paid judgment falls under the general contract limitations. In New York, the typical statute of limitations for contract actions is six years (CPLR 213). The four-year limit for contracts for the sale of goods under the UCC does not apply here, since indemnity isn’t a sale of goods. The clock starts when the indemnification obligation becomes due, which is at the time the judgment is paid and the right to reimbursement arises. So the action must be brought within six years from the date the judgment was paid.

Indemnification is a contract-based obligation, so the claim to recover a paid judgment falls under the general contract limitations. In New York, the typical statute of limitations for contract actions is six years (CPLR 213). The four-year limit for contracts for the sale of goods under the UCC does not apply here, since indemnity isn’t a sale of goods. The clock starts when the indemnification obligation becomes due, which is at the time the judgment is paid and the right to reimbursement arises. So the action must be brought within six years from the date the judgment was paid.

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