Gerald Godoy v. Wells Fargo Bank, N.A.

Seventy-five years ago in Simpson v. McDonald , this Court held that "an agreement in advance to waive or not plead the statutes of limitation is void as against public policy." 142 Tex. 444 , 179 S.W.2d 239 , 243 (1944). We reaffirm that longstanding principle today, although we agree with the courts of appeals that have since interpreted Simpson to allow a contractual waiver of the statute of limitations if the waiver is "specific and for a reasonable time." E.g. , Am. Alloy Steel, Inc. v. Armco, Inc. , 777 S.W.2d 173 , 177 (Tex. App.-Houston [14th Dist.] 1989, no writ). The court of…