Please give a real life example of the following cases, Exceptions to the General Rule(When the Limitation
Fantastic news! We've Found the answer you've been seeking!
Question:
Please give a real life example of the following cases,
Exceptions to the General Rule(When the Limitation Period May be Extended)
1.Agreement of the parties to extend.
2. Part payment of debt or acknowledgment of debt (prior to expiration of limitation period) causes the period to re-start.
3. Fraudulent concealment of the claim by the defendant suspends the ultimate period.
4. Disability of the claimant suspends the limitation period.
5. Other legislation may override with a specific limitation period (e.g. the Student Financial Assistance Act provides for a 6 year limitation period for student loans)
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: