Explain the value in the statute of limitations


Assignment:

Statute of Limitations" Please respond to the following:

1. The Statute of Limitations sets forth the maximum time after an event that legal proceedings based on that event may be initiated. Explain the value in this limitation on obtaining relief and justify your opinion.

2. Articulate an instance, whether personal or researched, where the Statute of Limitations had expired and no further action could have been taken.

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Business Law and Ethics: Explain the value in the statute of limitations
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