Statutes of Limitations

question 36

Multiple Choice

Statutes of limitations

• A)define how much money the injured party can sue for under a breach of contract claim.
• B)define whether there has been substantial performance of a contract or a material breach.
• C)limit the time in which an injured party may sue.
• D)only apply to the sale of goods.There is no statute of limitations on a service contract.

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Definitions:

Involuntarily

Occurring without the individual's conscious choice, often referring to actions or reactions that are automatic or outside personal control.

Role Set

A role set is a cluster of roles attached to a single status.

Status Group

A social group that people belong to based on factors like prestige, honor, and lifestyle, rather than solely economic or social class.

Role Cluster

A set of roles that are associated with a particular social status or position in society, typically involving expected behaviors and responsibilities.