What is the meaning of the term "limitation period"?
A) the time covered by the retainer paid for the lawyer's services
B) a set period of time in which a legal action must be commenced
C) a period of time that must pass before a claim can be filed
D) a maximum amount recoverable for breach of contract

Question

Quizplus · Accepted Answer

A limitation period is a set period of time within which a person must commence legal action, failing which the right to do so will be lost. It refers to the time limit within which a legal claim can be filed, after which the claim is barred by the statute of limitations.

What Is the Meaning of the Term "Limitation Period