Bridget contracts with Hunter to purchase $30,000 worth of goods for her store. Hunter wants a clause in the contract stating that neither party will sue the other after one year from the date of breach of contract. Which of the following is true of this situation?

- Parties are not allowed to provide time limits in their sales agreements, since the UCC sets this time.
- The courts must review the time limits the parties have determined in the sales agreement as reasonable.
- The UCC allows parties to shorten the time limit to bring a suit to a minimum of one year.
- Competent and informed parties can agree to set any time limit to sue for breach of contract.

Answer rating: 100% (QA)

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