The Statute of Limitations in a Breach of Contract Action

question 27

Multiple Choice

The statute of limitations in a breach of contract action for malpractice runs from: ______.

• A) the date when the contract is breached.
• B) the date when the harm is discovered.
• C) the date when the plaintiff determines the total amount of damages caused by the harm.
• D) either the date when the harm occurs or when it is discovered, depending on the type of damages sustained.

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Definitions:

Selling Price

The amount of money for which a seller offers a product or service to a buyer.

Benefit Proportion

The ratio or relation of the benefits received by different groups or individuals, often used in contexts like taxation or public spending.

Government Program

An initiative undertaken by a government body to achieve specific social, economic, or political objectives, often involving expenditure from public funds.

Subsidy

Financial assistance granted by the government, organizations, or individuals to support businesses, markets, or activities deemed beneficial to the public interest.