A.R.S. § 12-543: Oral Debt: 3-Year Limit
Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation
Arizona law requires lawsuits over debts not based on a written contract, over stated or open accounts (with any account item preserved if any item arose within the prior three years), and over fraud or mistake (with the clock starting when the wronged party discovers the facts) to be filed within three years after the claim accrues.
Full statute text
Official text last checked against azleg.gov:
12-543. Oral debt; stated or open account; relief on ground of fraud or mistake; three year limitation
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.
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AI-drafted summary, not attorney-reviewed. Statute text verified against azleg.gov. Legal information, not legal advice — consult a licensed attorney for your situation.