Which of the Following Is NOT True of the Statute

question 86

Multiple Choice

Which of the following is NOT true of the statute of limitations?

• A) The statute of limitations is a defense for both civil and criminal liability.
• B) The basic limitations period is one year.
• C) In no event may a suit be brought more than one year after the sale.
• D) The one year limitations period does not start to run until the discovery of the untrue statement or omission.
• E) The one year limitations period does not start to run until the time such discovery would have been made with reasonable diligence.

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Definitions:

Thorndike

Edward Thorndike was an influential psychologist known for his work in behaviorism and for developing the Law of Effect, which played a foundational role in the study of operant conditioning.

Skinner Box

An apparatus created by B.F. Skinner for conditioning and studying the behaviors of animals through reinforcements and punishments.

Insight Learning

A form of problem solving where the solution suddenly comes to us in what might be described as a "flash of insight".

Aha! Experience

A moment of sudden insight or discovery.