The Statute of Limitations for Breach of a Sales Contract

question 53

Multiple Choice

The statute of limitations for breach of a sales contract:

• A) may be reduced by the buyer and the seller to one year.
• B) may be expanded by the buyer and the seller to six years.
• C) begins to run from the signing of the contract.
• D) always requires a notice to the seller to activate the statute.

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Definitions:

Interpret

To explain the meaning of information, words, or actions.

Emotional Regulation

The ability to manage and respond to an emotional experience in a way that is socially tolerable and flexible.

Sensitized

The state of being made more responsive or sensitive to a specific stimulus after exposure to it.

Physiological Reactions

The body's automatic responses to internal or external stimuli, often involving changes in heart rate, respiration, perspiration, and other bodily functions.