Arizona § 12-543 Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation

Arizona Statutes

§ 12-543 — Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation

Arizona § 12-543

Title 12Arizona Revised Statutes

Ch. 5LIMITATIONS OF ACTIONS

Art. 3Personal Actions

This text of Arizona § 12-543 (Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 12-543 (2026).

Text

There shall be commenced and prosecuted within three years after the cause of action accrues, and not afterward, the following actions:

1.For debt where the indebtedness is not evidenced by a contract in writing.

2.Upon stated or open accounts other than such mutual and current accounts as concern the trade of merchandise between merchant and merchant, their factors or agents, but no item of a stated or open account shall be barred so long as any item thereof has been incurred within three years immediately prior to the bringing of an action thereon.

3.For relief on the ground of fraud or mistake, which cause of action shall not be deemed to have accrued until the discovery by the aggrieved party of the facts constituting the fraud or mistake.

Free access — add to your briefcase to read the full text and ask questions with AI

There shall be commenced and prosecuted within three years after the cause of action accrues, and not afterward, the following actions:

1. For debt where the indebtedness is not evidenced by a contract in writing.

2. Upon stated or open accounts other than such mutual and current accounts as concern the trade of merchandise between merchant and merchant, their factors or agents, but no item of a stated or open account shall be barred so long as any item thereof has been incurred within three years immediately prior to the bringing of an action thereon.

3. For relief on the ground of fraud or mistake, which cause of action shall not be deemed to have accrued until the discovery by the aggrieved party of the facts constituting the fraud or mistake.