Every lawsuit must be brought within one of various deadlines spelled out in the law, which are known as statutes of limitations. Rule 57 notes that "the existence of another adequate remedy does not preclude a judgment for declaratory relief in cases where it is appropriate.You consult an attorney and find out that the statute of limitations for your case is three years. Declaration sought to determine the insurance issues and appropriate relief. Murad, J.), entered August 14, 2017 in a CPLR article 78 proceeding and a declaratory judgment action. Declaratory judgment action, absent appropriate prayers for specific equitable relief, is itself but an action at law. Lumbermens Mut. Cas. (Q) statute of frauds;. (R) statute of limitations; and. Tremco has filed this declaratory judgment action against PMAIC seeking indemnification for the costs of defending and settling the underlying Clark litigation.