Each province in Canada has a Limitations Act.Which of the following statements correctly describes what happens to a contract after the time set forth in the Act has expired?
A)The contract is discharged by the courts.
B)The defendant cannot raise equitable defences to a breach of contract action.
C)The contract can no longer be enforced unless the plaintiff agrees to forfeit his or her rights.
D)Contractual obligations become "statute barred."
E)The party to the contract who is entitled to collect money will be required to ask for a ruling by the court.

Question

Quizplus · Accepted Answer

When a contract's time limit set forth in the Limitations Act has expired, the contractual obligations become "statute barred," meaning that they can no longer be legally enforced through the court system.

Each Province in Canada Has a Limitations Act