What is the statute of limitations

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Reference no: EM132182917

1. What is forfeiture?

The party breaching a contract to enter into an alternative contract.

The party breaching a contract to give up a consideration.

The party suffering the breach having the right to sue the breaching party.

The party suffering the breach seizing property from the breaching party.

2. What is the statute of limitations?

A set period of time during which an injured party can rescind a contract

A limit on the amount of damages an injured party can claim.

A clause allowing either party in a contract to withdraw within a certain period.

A time limit in which to complete and sign a contract.

Reference no: EM132182917

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