Statute of limitations is the period of an injured party to file a lawsuit against the other party. Statute of limitations has a specific period and if that period missed, then the injured party cannot file a lawsuit against the other party. This is for civil matters.
Whereas in a criminal offence the statute of limitation is rooted that for how long after a commission of the offence the prosecutor can drag the matter into the court. Statute of limitations gave both the parties a specific time to proceed their case after that commitment of the crime.
For Example, the time given in medical cases is two years. Therefore, the statute of limitation for the crime on medical grounds give time for two years and would be called a statute of limitation for two years.
David accidentally omitted from his 2016 tax return $40,000
Before her death, Lucy entered into the following transactions.
Jenna and Sam sold a piece of property for $300,
Latoya filed her tax return on February 10th this year. When
Blanche filed her 2016 income tax return on April 4, 2017
Carl purposely omitted from his 2017 tax return $40,000
What is the applicable filing period under the statute of limitations in
As a client of a brokerage firm, Howsam invested in four
Indicate whether the following statements are true or false: a
1. After reviewing Color-Dyne’s audited financial statements, the
