statute of limitations

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statute of limitations

State and federal laws that place a time limit on the ability to make certain claims in a lawsuit.The various statutes are usually fairly clear and might provide 6 years for breach of contract, 2 years for negligence, and 10 years for rights to real property.The part that causes all the litigation is the question of “when does the time period start to run?”As a general rule of thumb, the clock starts ticking when there has been a harm that would give rise to the ability to sue. If a stairway is erected improperly in year 1,but there is no way to know this until it collapses in year 5, then the statute of limitations begins to run in year 5.

References in periodicals archive ?
If an entrepreneur does not agree with the SFS decision on his tax liabilities and files a protest at the court, criminal prosecution can only be started, if the investigator in charge finds real evidence for criminal action.
Accordingly, in article 7 ("The compulsoriness to put in motion and to exercise the criminal action") paragraph 2, it is provided that "in the cases and conditions expressly provided by the law, the prosecutor can waive performing the criminal action if, regarding the concrete elements of the case, there is no public interest in achieving its objective.
The criminal actions of the last few days can in no way be justified and the easy option will be to blame the youngsters out of hand, fine them put them in prison what ever.
Is the criminal action for the purpose of collecting a pre-petition debt?
His alleged criminal actions resulted in loan losses of more than $1.
Federal prosecutors filed 258 criminal actions and 105 civil health care fraud cases in the first half of 2005.
His attitude while in office was certainly mirrored in his attitude to his criminal actions.
RETIREMENT PLAN ASSETS MAY BE SUBJECT TO attachment by federal tax levies, judgments and fines imposed in federal criminal actions.
Although there is no case law governing the use of e-mail by public officials, the attorney general's office and state Department of Administration have made it clear that communication in cyberspace by public officials can easily violate the state law and may even subject Offending officials to civil and criminal actions.
All this convinced prosecutors that the directors and executives implicated along with Ackermann were hiding criminal actions.
There's no question that the government's ability to prosecute criminal actions in the trade secret/computer crimes area has increased significantly," says Griffith B.
The intent of the Patriot Act and the desire of the Treasury Department is to protect the financial system from infiltration by those who would launder money to hide criminal actions or to finance terror," said Taylor Griffin, U.