Frances is injured while using mountain-climbing equipment manufactured by peak products corporation. A statute that limits the time within which Frances can file a product liability suit against Peak, beginning with the date the equipment was sold, is a statute of. a. Preemption. c. Limitations. b. Repose. d. Suspension
It is the statute of limitations that sets the maximum time the parties have to initiate legal proceedings starting from the date when the alleged offence occurred. There is no defined period of time after which the parties can file the case as this changes from one jurisdiction to another. However, there are some cases like in murder where there is no maximum period of time before filing the case. Frances will need to sue Peak Products Corporation before the given period of time expires according to the statute of limitations.