Which of the Following Is True About the Statute of Limitations

Multiple Choice

Which of the following is true about the statute of limitations under the UCC?

A) The limitations period is always four years.
B) The limitations period cannot exceed four years.
C) The limitations period cannot be less than two years.
D) The limitations period depends only on the terms of the specific contract.
E) The limitations period is set under the UCC and cannot be changed by the parties.