Practice Quiz

Paralegal

Category - Legal System

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Kathy agreed to sell her car to Tammy, and Tammy agreed to buy the car. They agreed upon a written contract, signed it, and the title was transferred to Tammy. Tammy paid one half of the sales price when the title was transferred, but never paid anything further. Seven years later, Kathy sued Tammy for breach of contract, but the court dismissed the action because it was time-barred. The action was time-barred because of the six-year __________________.
  1. Tolling agreement.
  2. Statute of frauds.
  3. Statute of limitations.
  4. Term limit on contracts.
Explanation
Answer: C - Statute of limitations. A statute of limitations is a “statute establishing a time limit for suing in a civil case, based on the date when the claim accrued.” Black’s Law Dictionary 666 (2d Pocket Ed. 2001). In many states, the statute of limitations for written contracts is six years.
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