In: Finance
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
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.