Meaning of statute of repose | Babel Free

Definitions

A law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).

Examples

“Therefore, a plaintiff's cause of action may be extinguished by the statute of repose before the applicable statute of limitations time period expires, and a statute of repose may start running before a plaintiff's cause of action accrues.”

“Statutes of repose are a compromise of the interests of consumers on the one hand and of manufacturers and sellers on the other.”

“Although twenty-two states have adopted a product liability statute of repose, these statutes frequently provide little if any comfort to a product manufacturer. For a statute of repose to offer true repose, it must provide a basis for a defendant to move to dismiss or for summary judgment.”

CEFR level