(1)An undertaking contained in a contract which is capable of being enforced or otherwise invoked by virtue of a third-party right is an obligation arising from the contract for the purposes of the Prescription and Limitation (Scotland) Act 1973.
(2)In subsection (1), “third-party right” means a right which has arisen by virtue of either—
(a)section 1, or
(b)the rule of law mentioned in section 11.
Commencement Information
I1S. 10 in force at 26.2.2018 by S.S.I. 2018/8, reg. 2