The state of Idaho has a two-year statute of limitations for personal injury actions. Graham was injured by Alice in a car accident on January 1, 2011
If Graham wants to bring a lawsuit against Alice on January 15, 2013, which of the following is most likely to be the outcome?
A) Graham is allowed to sue Alice after appealing for an extension of the statute of limitations.
B) Graham is not allowed to sue Alice, having lost his right to sue her.
C) Graham can sue Alice but will not receive damages.
D) Graham can sue Alice but is not entitled to a jury trial.
B
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The income statement of a manufacturer is commonly supported by a schedule of cost of goods manufactured
a. True b. False Indicate whether the statement is true or false
Assume an organization has total current assets of $300,000; total current liabilities of $75,000; inventories of $150,000; prepaid expenses of $25,000; net sales of $800,000; and beginning accounts receivable of $100,000 and ending accounts receivable of $74,000 . What is the current ratio for this organization?
a. 17.9 b. 3.0 c. $225,000 d. 4.0
An offer is terminated on the grounds of "supervening illegality" when ________
A) the set period in the offer has expired B) the subject matter in the offer has been destroyed C) a statute or court decision deems an object of the offer unlawful D) the offeror or offeree passes away prior to the offer being accepted
A company issued 145 shares of $100 par value common stock for $15,500 cash. The total amount of paid-in capital is:
A. $14,500. B. $1000. C. $100. D. $15,500. E. $1450.