What is the statute of limitations?
An example of an AI chatbot conversation about understanding the statute of limitations.
What is the statute of limitations?
The statute of limitations is the maximum time period allowed for bringing a legal action after an event.
How does it vary by state?
It varies significantly by state and by the type of claim, such as personal injury or contract disputes.
Can it be extended or paused?
Yes, in certain circumstances, the statute of limitations can be extended or tolled, such as if the injured party was unaware of the injury.
What happens if I miss the deadline?
If you miss the deadline, you may lose your right to file a lawsuit or claim compensation.
Are there exceptions to the statute of limitations?
Yes, there are exceptions, such as cases involving minors or fraud, which may have different time limits.
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