Monday, April 26, 2010

Statute of Limitations

WHAT IS A STATUTE OF LIMITATIONS?

A statute of limitations is the legal time limit a person has to pursue a claim against another for wrongful conduct. Unless an exception applies, the injured person loses the right to file a lawsuit seeking money damages or other relief once the time has expired.

CALIFORNIA STATUTES OF LIMITATION

Personal Injury: 2 years.
Fraud: 3 years.
Libel / Slander / Defamation: 1 year.
Injury to Personal Property: 3 years.
Product Liability: 2 years.
Contracts: Written, 4 years; Oral, 2 years.

NOTES:

In some cases, there are exceptions that will toll (extend) the statute of limitations. There are also situations where the time limit may be shortened. You should consult with an attorney if you have questions regarding the statute of limitations in your particular case or in your state.

1 comment:

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