Actions Based On Contract Or Other Obligation

(1) The period prescribed for the commencement of an action on any contract, covenant, obligation, or liability founded on an instrument in writing is within 6 years. (2) The period prescribed for the commencement of an action on a contract, account, or promise not founded on an instrument in writing is within 5 years. (3) The period prescribed for the commencement of an action on an obligation or liability, other than a contract, account, or promise, not founded on an instrument in writing is within 3 years.