On Wed, 27 Jan 2010 11:58:28 +1100, Andrew Warland <[log in to unmask]>
wrote:

>Erin said: 'For example, the myth that all records must be kept for 7 years. '
>
>The following provides a useful summary of why many records are kept
>for 7 years - as you will, originally the idea you had six years in
>which to make certain claims.  Therefore, you had to keep records
>relating to those issues for at least 6 years, and then after 7 years
>destroy them.  Some jurisdictions in the English speaking world
>continue to use a retention period of 'Keep for a minimum of 6 years'.
> The source of this useful summary, quoted 'as is' is at the end.

okay, I will envoke the name of one Steven Whitaker here once again who was
always my PERSONAL FAVORITE  for the source of the basis for the 7 year
statute for retention:

>The
>7-year myth has primary origins in the Bible; Deuteronomy, 15, verses 1
>& 2.   Many former British empire countries, including Canada and the
>United States, established their early law from British common law,
>which had biblical origins.  Our "statute of limitations" still exists
>today; thank goodness.
>
>David Rintoul, CRM explained it very succinctly a few years ago:
>
>The tradition of a seven year limitation of actions does
>originate in the Holy Bible and Gerry's citation is
>accurate.  Here is another citation for those interested.
>
>"(1)At the end of seven years thou shalt make a release.
>
>(2) And this is the manner or the release:  Every creditor
>that lendeth unto his neighbour shall release it;  he shall
>not exact it of his neighbour, or of his brother; because it
>is called the Lord's release."
>
>Deuteronomy, Chapter 15, verses 1 and 2.
>
>British common law evolved out of Biblical traditions, then
>limitations were established by statute.  This led to the
>Limitations Act, which set out the length of time after
>which legal actions could not be brought.

(Thanks, Steve!)

Larry
RIMMAN.LARRY!gmail.com

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