The Law of Limitation is a set of laws that govern the time period within which a legal action can be filed. The law of limitation is designed to prevent people from filing stale claims and to ensure that justice is not delayed.
The Law of Limitation is a complex area of law and there are many different time limits for different types of claims. Some of the most common time limits include:
- 3 years for claims for breach of contract
- 3 years for claims for personal injury
- 6 years for claims for property damage
- 12 years for claims for fraud
The time limit for filing a claim starts to run from the date on which the cause of action arises. For example, if you are injured in a car accident, the time limit for filing a claim starts to run from the date of the accident.
There are a few exceptions to the law of limitation. For example, if the defendant has concealed the claim from the claimant, the time limit may be extended.
Here are some MCQs on the Law of Limitation:
- What is the law of limitation?
- A set of laws that govern the time period within which a legal action can be filed
- A set of laws that govern the time period within which a person can file a complaint against a trader
- A set of laws that govern the time period within which a person can file a complaint against a consumer
- None of the above
- The correct answer is a set of laws that govern the time period within which a legal action can be filed.
- What is the most common time limit for filing a claim?
- 3 years
- 6 years
- 12 years
- 20 years
- The correct answer is 3 years. The most common time limit for filing a claim is 3 years.
- What happens if a claim is filed after the limitation period has expired?
- The claim will be dismissed
- The claim will be stayed
- The claim will be allowed
- The claim will be transferred to a higher court
- The correct answer is the claim will be dismissed. If a claim is filed after the limitation period has expired, the claim will be dismissed.