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 ?
King Viper, a recent recruit to Brian Clemenson's kennel, went one spot faster in another premeeting workout, stopping the clock at 27.
Trained by Dennis Yip and ridden by Douglas Whyte, the five-year-old caused a 14-1 upset in the Group 3 Sha Tin Trophy, stopping the clock at 1min 33.
MEENALA CRUISER was the standard-setter at yesterday's pre-William Hill UK Festival of Racing trials session at Sunderland, Julie Bateson's dog stopping the clock at 26.
It really wasn't a contest, Mama Tina stopping the clock at 31.
SOLID MONEY took the overall plaudits at yesterday's marathon trial session at Wimbledon when stopping the clock at 27.