(1)  Except as otherwise provided in this Division, the following actions shall not be brought after the expiration of 6 years from the date on which the cause of action accrued, that is to say:

(a) actions founded on simple contract (including contract implied by law) or founded on tort, including actions for damages for a breach of statutory duty;

(b) actions to enforce a recognizance;

(c) actions to enforce an award, where the submission is not by an instrument under seal;

(d) actions to recover any sum recoverable by virtue of an enactment, other than a penalty or forfeiture or a sum by way of penalty or forfeiture.

(2)  An action for an account shall not be brought in respect of any matter that arose more than 6 years before the commencement of the action.

(3)  An action upon a specialty shall not be brought after the expiration of 12 years from the date on which the cause of action accrued; but this subsection does not affect any action for which a shorter period of limitation is prescribed by any other provision of this Act.

(4)  An action shall not be brought upon a judgment after the expiration of 12 years from the date on which the judgment became enforceable.

(5)  Except as otherwise provided in this Act, an action shall not be brought to recover any arrears of interest in respect of any sum of money, whether payable in respect of a specialty, judgment, legacy, or otherwise, or any damages in respect of any such arrears, after the expiration of 6 years after they became due.

(6)  An action to recover any penalty or forfeiture, or any sum by way of penalty or forfeiture, recoverable by virtue of an enactment (not being a fine imposed on a conviction for an offence) shall not be brought after the expiration of 2 years from the date on which the cause of action accrued.