In what circumstances will the statute of limitations apply in this case?

MultiRegion, United States of America

The following excerpt is from Mitchell v. United Parcel Service, Inc., 624 F.2d 394 (2nd Cir. 1980):

In addressing the question of which New York statute of limitations should be applied in this case, we turn first to our decision in Abrams v. Carrier Corp., 434 F.2d 1234 (2 Cir. 1970), cert. denied, 401 U.S. 1009 (1971), where we held that:

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