Ace the California Real Estate Exam 2025 – Unlock Your Dream Career Today!

Question: 1 / 740

The time frame in which a suit must be brought in order to enforce a contract is usually referred to as the

period of redemption

statute of limitations

The time frame in which a suit must be brought in order to enforce a contract is called the statute of limitations. This is the legally defined time period in which an individual or party can bring a lawsuit against another party for a breach of contract. This time limit serves as a way to ensure that both parties are aware of their legal rights and obligations within a reasonable amount of time. The other options given, such as period of redemption, contractual term period, and legal enforcement period, do not accurately describe the concept of the statute of limitations and are incorrect as a result.

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contractual term period

legal enforcement period

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