What are the similarities and differences between a statute of limitations and a statute of repose?

What will be an ideal response?


Both statutes are mechanisms for barring untimely claims, usually owner
claims against the contractor. A statute of limitations differs as to both
“trigger” and length of time for tort and contract claims. However, a statute
of repose cuts off liability a certain number of years after substantial
completion, meaning it can bar a claim even before the claim came into
existence.

Trades & Technology

You might also like to view...

What type of valve core is used in stem-mounted sensors?

A) Nickel plated B) Brass C) Aluminum D) Steel

Trades & Technology

The EPS control unit will vary the ________ to the EPS motor, depending on sensor inputs

A) RPM B) Amperage C) Voltage D) Pressure

Trades & Technology

A P0100 DTC is being discussed. Technician A says that an open or short in mass air flow circuit could be the cause. Technician B says that a defective MAF sensor could be the cause. Which technician is correct?

A) Technician A only B) Technician B only C) Both technicians D) Neither technician

Trades & Technology

Rabbits can efficiently convert about every 5 to 8 pounds of feed into 1 pound of meat.

Answer the following statement true (T) or false (F)

Trades & Technology