Question

In: Finance

Which of the following refers to a statute which specifies the time period in which a...

Which of the following refers to a statute which specifies the time period in which a person must bring a lawsuit?

Group of answer choices

a. statute of frauds

b. statute of claims

c. statute of limitations

d. statute of estoppel

Solutions

Expert Solution

Ans c. statute of limitations

Statute of limitations refers to a statute which specifies the time period in which a person must bring a lawsuit.

Example: UCC provides 4 year limitation for contracts involving sale of goods.


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