A Few State Courts Have Declared Their State's Statute of Repose

question 45

Multiple Choice

A few state courts have declared their state's statute of repose unconstitutional because it:

• A) gives people time from the date they discover their injury in which to bring their suit.
• B) refrains people to bring a suit who are injured by products such as asbestos or DES that cause injury immediately.
• C) denies people the right to seek redress for their injuries when they had no chance to discover their injuries within the statutory period.
• D) does not bar the bringing of a tort-based product liability suit after a certain number of years from the date the product is first sold to a user.

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Definitions:

Natural Rate

The Natural Rate often refers to the natural rate of unemployment, where the unemployment rate is at a level expected in a fully efficient market without cyclical or short-term unemployment.

Long-Run Aggregate Supply Curve

This curve shows the relationship between the overall price level and the total output produced in an economy when wages and resource prices fully adjust to changes, reflecting an economy’s maximum sustainable output level.

Potential Output

A measure of the highest level of economic output an economy can sustain over a period without increasing inflation; synonymous with potential GDP.

Negotiable

Referring to something that can be discussed or altered through negotiation, such as terms of a contract or a financial instrument.