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Help needed. Bank refuse to pay for
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Can you please explain the magic European law?
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What's actually wrong with it?0
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It's based on Limitations Act (for England and Wales only). After 6 years, you can't make a claim at all. So even if you think something should last 10 years, if it falls to bits after 6 years, you can't claim.
But that doesn't actually mean that depreciation should be based on a 6 year life for everything.
Yes the limitations act makes the claim statute barred but nothing to do with how long goods should last or anything of the sort0
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