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 ?
The results of the current quarter and year-to-date period were favorably impacted by the reversal of approximately $17 million in long-term and deferred income tax liabilities related to certain tax matters for which the statue of limitations has expired.
You must amend your tax returns for all the tax years not affected by the statue of limitations for filing a return (usually three years) to reflect this change in marital status.
Dougherty's motion for summary judgment on the grounds that the statue of limitations had run and that the continuous treatment doctrine was not applicable in this case.
Blue and Vista filed motions to dismiss or for summary judgment on the grounds that Tennessee's one-year statue of limitations had run.
SANTA CLARITA - Fish and Game officials said Thursday that prosecutors assured them criminal charges would be filed against The Newhall Land and Farming Company even though the statue of limitations was running out on claims of destruction of sensitive habitat.
was, in my opinion, a thinly veiled ruse to keep us at bay until the statue of limitations would toll on our claims," said Gualderon.
25 /PRNewswire/ -- Fort Worth plaintiffs' attorney John David Hart and other Texas lawyers will be making their way to the courthouse in the next few days to file additional Vioxx lawsuits before the Texas statue of limitations expires on Sept.
Morris' burden was to introduce evidence to show that the statue of limitations was not tolled.
Someone has to wonder why someone at the Fish and Game didn't enforce this before the statue of limitations ran out.
The Superior Court, Judicial District of Danbury, granted the hospital's motion for summary judgment on the grounds that the statue of limitations had run.
SEC, in which the US Court of Appeals ruled that a five-year statue of limitations applies to enforcement proceeding brought by the SEC.