What is Statute of Limitations?
Statutes of limitations is a statute in a common law legal system that is designed to set forth the maximum period of time that a certain legal proceeding based on certain events may be commenced.
A Statute of limitation is basically the amount of years that an individual has to proceed with a legal claim. If the statute of limitation has ran, that individual would not be able to use the legal system to bring a law suit. For example, if you are involved in an auto accident in the state of California and have suffered property damages, you would have three year to file a small claims in order to recover property damages.
Small Claims Statutes of Limitations (Years) In Accordance To Your Cause of Action and State