Question

In the scenario where a seller accepted an offer to purchase but later refused to complete the transaction, how might the Statute of Limitations affect the buyer's rights in a civil action for breach of a written contract, and within what time frame?

Answer 1

The Statute of Limitations sets a time limit for filing a lawsuit after an incident has occurred. In the case of a seller refusing to complete a transaction, the buyer may have the option to file a civil action for breach of contract within the Statute of Limitations timeframe.

Step-by-step explanation:

The Statute of Limitations is a legal rule that sets a time limit for filing a lawsuit after an incident has occurred. In the scenario where a seller accepted an offer to purchase but later refused to complete the transaction, the buyer may have the option to file a civil action for breach of a written contract. The Statute of Limitations can vary depending on the jurisdiction and the type of contract, but it typically ranges from one to six years.