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 ?
Elsewhere in Scottish football stopping the clock wouldbe a mix of the predictable and the catastrophic.
But some of the other calls were strange, like stopping the clock with seven seconds to go for a foul at midfield.
74sec sectional) of the slowlyaway Razldazl Lord, running the track middle overall, though moving wide off the final turn, before stopping the clock at 28.
Aero Bolt shaped nicely in a solo spin, stopping the clock at 29.