Which of the following best describes a statute of repose?
A) It is a statute that bars actions arising more than a specified number of years after the cause of the action arises.
B) It is a statute that limits recoverable damages based on the percentage of harm caused by the defendant.
C) It is a statute that limits recoverable damages to less than $1,000,000.
D) It is a statute that bars actions arising more than a specified number of years after the product was purchased.
Correct Answer:
Verified
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