Jason and Kelly Enter into a Contract for Jason to Renovate

question 55

Multiple Choice

Jason and Kelly enter into a contract for Jason to renovate Kelly's house by a certain date. Jason never performs. After the applicable limitations period has passed, Kelly decides to bring a suit against Jason for breach. This suit​

• A) ​must be filed within ten to twenty years, depending on state law.
• B) ​can no longer be brought.
• C) ​can be filed within four years after Kelly decides to sue.
• D) ​must be filed between four and five years after Kelly decides to sue.

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Definitions:

Working Sprinkler System

A fully operational fire suppression system installed in buildings that activates automatically in response to detectable signs of fire, such as heat or smoke.

Homeowner's Insurance Policy

An insurance plan that provides coverage for damage or loss to a homeowner's property and assets.

Policy Conditions

Specific provisions, rules, or requirements set forth in an insurance policy that must be met for the policy to be valid and for the insurer to perform its obligation.

Binder Agreement

A temporary or preliminary agreement that outlines the terms of a more formal agreement to be made later.