What are the arguments for and against the statutes of repose?
What will be an ideal response?
Statutes of repose bar actions that arise more than a specified number of years after the product was purchased. Statutes of repose are usually much longer than statutes of limitations; they are often at least 10 years, and frequently are 25 or 50 years. Statutes of repose may seem unduly harsh on consumers who may be injured as a result of a latent defect in a product. In contrast, to make the manufacturer liable in perpetuity may be unduly harsh on manufacturers and sellers, because of the resulting uncertainty about possible liability.
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Which form of equity refers to the fairness of a job's pay rate in comparison to other jobs within the same company?
A) external B) internal C) distributive D) individual
An interest that arises in a third party in the future is called a(n):
a. reversion. b. remainder. c. assignment. d. fee simple absolute.