"The law generally restricts the time within which an action can be brought by either party to a contract." This statement is:
A) false.
B) true,because of statutes of limitation.
C) true,because of the law of repudiation.
D) true,because of covenants not to sue.

Question

Quizplus · Accepted Answer

Statutes of limitation are laws that restrict the time within which parties to a contract can bring legal action against one another. These laws vary depending on the type of contract and the jurisdiction, but they generally exist to ensure that legal disputes are dealt with in a timely manner and to prevent parties from bringing up old claims that are difficult to defend against due to the passage of time.

"The Law Generally Restricts the Time Within Which an Action