Asked by
Cassie Gates
on Nov 01, 2024
Verified
State laws known as ________ limit the time within which a party is allowed to bring suit to collect a debt.
A) promises not to sue
B) charitable pledges
C) option contracts
D) statutes of limitation
Statutes of Limitation
Laws that set the maximum time after an event within which legal proceedings may be initiated.
- Analyze the statutory implications on the enforceability of agreements due to limitations periods.
Verified Answer
CG
Learning Objectives
- Analyze the statutory implications on the enforceability of agreements due to limitations periods.
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