Which of the following is true about statutes of limitation and statutes of repose?
A) Statutes of limitation, but not statutes of repose, set time limits on bringing legal actions.
B) Neither type of statute applies in the event of serious injuries.
C) These statutes are federal law and apply nationwide even to state law actions.
D) A statute of repose requires that a claim be brought within the specified number of years after the product was originally sold.
E) A statute of repose provides an unlimited statue of limitation.
Correct Answer:
Verified
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