Which of the Following Is True About Statutes of Repose

question 26

Multiple Choice

Which of the following is true about statutes of repose?

• A)This is a significant change in the law for people who are injured by products that cause immediate injury.
• B)It bars the bringing of a tort-based product liability suit usually after five years from the date the product is first sold to a user.
• C)People covered by statutes of repose now can bring suit even if their injury is not discovered within the statutory period.
• D)The tort statute of limitations gives people one or two years from the time they discover their injury in which to bring their suit.

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Definitions:

Cumulative Distribution Function

A function that gives the probability that a random variable is less than or equal to a certain value.

Random Variable

An attribute whose numerical values stem from the occurrence of a random event.

Probability

Probability is a measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 1 indicates certainty.

Mutually Exclusive Event

Situations or events that cannot occur at the same time, meaning the occurrence of one event precludes the occurrence of the other.