California Real Estate Practice Exam

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

  1. period of redemption

  2. statute of limitations

  3. contractual term period

  4. legal enforcement period

The correct answer is: 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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