Jason and Kelly enter into a contract for Jason to renovate Kelly's house by a certain date. Jason never performs. After the applicable limitations period has passed, Kelly decides to bring a suit against Jason for breach. This suit

A. must be filed within ten to twenty years, depending on state law.

B. can no longer be brought.

C. can be filed within four years after Kelly decides to sue.

D. must be filed between four and five years after Kelly decides to sue.

Question

Sox

Business

12 September, 15:52

Jason and Kelly enter into a contract for Jason to renovate Kelly's house by a certain date. Jason never performs. After the applicable limitations period has passed, Kelly decides to bring a suit against Jason for breach. This suit

A. must be filed within ten to twenty years, depending on state law.

B. can no longer be brought.

C. can be filed within four years after Kelly decides to sue.

D. must be filed between four and five years after Kelly decides to sue.

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Answers (1)

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Kamila Kramer · Answer 1

B) can no longer be brought

Explanation:

The applicable limitations of a contract specify the maximum terms for any claims to be made about non performance of the contract.

For example, the contract signed between Jason and Kelly set a five year limitation for any claims. If Jason never performed his part of the contract, Kelly has up to five years to make her claim. If more than five years have passed and Kelly didn't do anything, then she cannot sue Jason for breaching the contract.