Briefly describe what a "statute of limitations" does.

What will be an ideal response?


A statute of limitations establishes the period during which a plaintiff must bring a lawsuit against a defendant. If a lawsuit is not filed within this time, the plaintiff loses the right to sue. A statute of limitations begins to "run" at the time the plaintiff first has the right to sue the defendant (e.g., when the accident happens, the breach of contract occurs, the crime is committed).

Business

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Under the direct and indirect methods of reporting the statement of cash flows, only

a. the operating activities section is different. b. the financing activities section is different. c. the investing activities section is different. d. the operating and financing activities sections are different.

Business

If a firm has a successful differentiation strategy, it is not necessary to attain parity on cost.

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

Business

Analysts must develop realistic expectations for the outcomes of future business activities. To develop these expectations, analysts build a set of _____________________________

Fill in the blank(s) with correct word

Business

No adverse impact exists if members of a protected class represent a significantly smaller percentage of the organization's workforce than the percentage found in the population of the surrounding community.

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

Business