Back in 1998,Barb Ballister agreed to sell her 1963 Corvette,which she stated was in "mint condition," to Tyler Burgess for $47 000.After they agreed upon the price,the transfer of title,and other details,Barb and Tyler met at a notary and finalized the sale.Soon after taking possession of the car,Tyler realized that there were several cosmetic problems with the car that Barb did not originally disclose.Tyler intended to take Barb to court to seek monetary payments to cover his costs to restore the car to the desired condition.However,he got busy with other matters and kept putting things off.Now,several years later,he is finally ready to take legal action.What is one problem Tyler may face?

Question

Back in 1998,Barb Ballister agreed to sell her 1963 Corvette,which she stated was in "mint condition," to Tyler Burgess for $47 000.After they agreed upon the price,the transfer of title,and other details,Barb and Tyler met at a notary and finalized the sale.Soon after taking possession of the car,Tyler realized that there were several cosmetic problems with the car that Barb did not originally disclose.Tyler intended to take Barb to court to seek monetary payments to cover his costs to restore the car to the desired condition.However,he got busy with other matters and kept putting things off.Now,several years later,he is finally ready to take legal action.What is one problem Tyler may face?

Quizplus · Accepted Answer

The statute of limitations for contract claims varies by state, but it is typically between three and six years. Since several years have passed since the sale, Tyler may have waited too long, and the statute of limitations may have expired, making it too late for him to pursue legal action.

Back in 1998,Barb Ballister Agreed to Sell Her 1963 Corvette,which