Which of the Following Is Different About the Statute of Limitations

question 16

Multiple Choice

Which of the following is different about the statute of limitations for minors than for adults?

• A) It is 3 years from the date of the incident.
• B) It is 5 years from the date of the incident.
• C) It is tolled (suspended) until they reach the age of majority.
• D) There is no statute of limitations for minors.

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Definitions:

Indifference Curve

In economics, a curve that represents different combinations of goods or services among which a consumer is indifferent, showing preferences.

Risk-Free Asset

An investment that is expected to deliver its returns without any risk of financial loss, traditionally government bonds are considered close to risk-free.

Utility

The measure of the welfare or satisfaction of an investor.

Treasury Bills

Short-term government securities issued at a discount from their face value and maturing in one year or less, representing a secure, low-risk investment option.