Which of the following characterizes the statute of limitations?
A)The time period fixed by the statute of limitations is uniform throughout the states.
B)The recording of the contract stops the running of the statute of limitations.
C)The time period fixed by the statute of limitations begins when the contract is recorded.
D)The time period for oral contracts is different from that of written ones.

Question

Quizplus · Accepted Answer

The time period for bringing a contract action varies from state to state,and many states prescribe time periods for cases concerning oral contracts that are different from those for cases concerning written ones.

Which of the Following Characterizes the Statute of Limitations