Use it or lose it. This rule applies to so many aspects of life including lawsuits. You must timely act upon a right to sue or forever lose your right to sue. This time limit is known as the statute of limitations.
A statute of limitation sets the maximum amount of time that can pass after an event before a lawsuit is time barred. Most statutes of limitation are tied to the last date an event occurred. For example, the last day to file a breach of…read more >