Which of the following is true regarding a statute of limitations?
A) It establishes the length of an actual trial.
B) The statute of limitations is always one year for all types of lawsuits.
C) The statute of limitations is always four years for all types of lawsuits.
D) The length of the statute of limitations varies, depending on the applicability of equitable principles.
E) It establishes the period during which a plaintiff must bring a lawsuit against a defendant, although the length of the statute of limitations varies according to the cause of action alleged and the jurisdiction in which the cause of action arises.
Correct Answer:
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