A statute of _ bars actions arising more than a specified number of years after the cause of action arises, while a statute of _ bars actions arising more than a specified number of years after the product was purchased.

Question

Quizplus · Accepted Answer

A statute of limitations sets the maximum time after an event within which legal proceedings may be initiated, while a statute of repose limits the time within which an action can be brought based on the date of the product's purchase or completion of an act.

A Statute of _ Bars Actions Arising More Than a Specified