Question
The statute of limitations specifies a. the time limit for consideration. b. the maximum amount of people who can file on the same claim c. the maximum amount of money one can receive on a claim d. the time limit for bringing a lawsuit based on a claim
Answer
4.7
(190 Votes)
Mabel
Master · Tutor for 5 years
Answer
d. the time limit for bringing a lawsuit based on a claim.
Explanation
The statute of limitations is a legal concept used to set the maximum time after an event within which legal proceedings may be initiated. Once this period expires, claims cannot typically be brought forward. This period varies depending on the type of legal claim and jurisdiction, but it fundamentally serves to ensure timely resolution and fairness in the judicial process.