A __________ cuts off the right to assert a cause of action after a specified period of time from the delivery of the product or the completion of the work.
A) statute of limitations
B) statute of repose
C) revival statute
D) statute of resolution

Question

Quizplus · Accepted Answer

A statute of repose is a specific type of statute of limitations that establishes an absolute deadline for bringing certain types of legal actions. In contrast to a statute of limitations, which may be tolled or extended in certain circumstances, a statute of repose begins to run at a fixed point in time (often the date of a specific event, such as the completion of construction or delivery of a product) and runs for a specified period of time (often several years). Once the statute of repose has expired, no further lawsuits may be brought regardless of when the plaintiff discovered or should have discovered the injury or damage.

A __________ Cuts Off the Right to Assert a Cause