Paragraph 8 Time limits
For the purposes of the Limitation Act 1980 (c. 58)—
(a)
a liability to pay an indemnity under this Schedule is a simple contract debt, and
(b)
the cause of action arises at the time when the claimant knows, or but for his own default might have known, of the existence of his claim.
Notes on Schedule 8
Modifications
- C1
Sch. 8: Power to apply, exclude or modify conferred (E.W.) (27.9.2004) by 2002 c. 15, ss. 6(6)(g), 181(1); S.I. 2004/1832, art. 2