Describe the functions of the statute of limitations and the statute of repose
What will be an ideal response?
Most states have statutes of limitations that require an injured person to bring an action within a certain number of years from the time that he or she was injured by a defective product. If the plaintiff does not bring the lawsuit in the allotted time, he loses the right to sue. Some states have enacted statutes of repose, which limit a manufacturer's and seller's liability to a certain number of years from the date when the product was first sold. The period of repose varies from state to state.
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A broker writes a contract for the purchase of the property and then writes another on the same property at a higher price to give to the lender. This is
a. standard practice b. acceptable, if using a down payment assistance program c. dual contracting and is illegal in Colorado but acceptable in other states d. dual contracting and is illegal in every state
To resolve conflict with an angry person, you are advised to
a. convince, cajole, and collaborate. b. confront, contain, and connect. c. clobber, cajole, and connive. d. care, caress, and convince.