Ark. Code § 16-56-111
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(a) Actions to enforce written obligations, duties, or rights, except those to which § 4-4-111 is applicable, shall be commenced within five (5) years after the cause of action shall accrue.
(b) However, partial payment or written acknowledgment of default shall toll this statute of limitations.
Ark. Code § 16-56-111
Acts 1844, § 1, p. 24; 1889, No. 70, § 1, p. 87; C. & M. Dig., §§ 6955, 6956; Pope’s Dig., §§ 8933, 8934; A.S.A. 1947, §§ 37-209, 37-210; Acts 1989, No. 644, § 1; 1991, No. 1048, § 1; 1997, No. 1164, § 2.