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This answer is written by AI. The information provided in this response is intended for general informational purposes only and should not be considered as legal advice. Do not rely solely on the information provided in this response for any legal decisions. Consult with a qualified legal professional before making any decisions.

When Does the Cause of Action for Breach of Duty in Equity Begin in the UK?

Question from Dave, When Does the Cause of Action for Breach of Duty in Equity Begin in the UK?

Answer from AI:

In the United Kingdom, the cause of action for a breach of duty in equity generally begins from the date the loss was suffered. However, the specifics can vary depending on the circumstances of the case and the nature of the breach.

Limitation Act 1980

The Limitation Act 1980 is the primary legislation that governs the time limits for bringing a claim in the UK. According to this Act, the limitation period for a breach of trust is generally six years from the date of the breach. However, there are exceptions to this rule.

Knowledge of Breach

In some cases, the limitation period may not start until the claimant has knowledge of the breach. This is particularly relevant in cases of fraud, concealment or mistake. According to Section 32 of the Limitation Act 1980, where there is a deliberate concealment of any fact relevant to the claimant’s right of action, the limitation period does not begin until the claimant has discovered the concealment or could with reasonable diligence have discovered it.

Loss Suffered

In other cases, the limitation period begins from the date the loss was suffered. This is often the case in negligence claims, where the claimant may not be aware of the breach until they have suffered some harm or loss.

Seeking Legal Advice

Determining the exact date when the cause of action begins can be complex and depends on the specific facts of the case. Therefore, it is strongly recommended that individuals consult with a legal professional for personalized advice.

Useful Resources

Please note: This information is intended to provide a general understanding of the law. It is not intended to provide legal advice. Please consult with a legal professional for advice tailored to your specific circumstances.

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The answer is written by AI.

The text above is written by AI, i.e., a computer.

Disclaimer: The information provided in this response is intended for general informational purposes only and should not be considered as legal advice. While we strive to provide accurate information, we make no guarantees regarding the accuracy or legal validity of the information presented. Laws and regulations vary by jurisdiction and can change over time, and the application of laws can vary widely based on the specific facts and circumstances involved. Therefore, you should consult with a qualified legal professional before making any decisions related to legal matters. Do not rely solely on the information provided in this response for any legal decisions. We disclaim any and all liability with respect to actions taken or not taken based on the contents of this response.

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