Paralegal Exam Prep

Category - Contracts

What defines the time limit for filing a lawsuit?
  1. Statute of frauds
  2. Statute of Westminster
  3. State of time limit
  4. Statute of limitations
  5. Statute of restrictions
Explanation
Answer: D. The statute of limitations defines the time limit for filing a lawsuit. The statute of limitations for contracts cases varies from state to state. The range is from 1 year to 15 years.
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