Limitation Of Actions

Legal Definition and Related Resources of Limitation Of Actions

Meaning of Limitation Of Actions

At common law , there is no time prescribed within which a person has to bring his action but limitations of such period have been prescribed by statutes in all jurisdictions. See U.S. v Thompson, 98 U.S. 486, 25 L.Ed. 194. A negative prescription leading to the loss or forfeiture of a right , by the owners neglecting to exercise or prosecute same within the time limit set by statute . See Townsend v Jamison, 50 U.S. 407, 9 How. 407, 13 L.Ed. 194. The policy of the Statutes of limitation is founded on the theory that after a long delay the law presumes that all such claims and demands have been satisfied, paid and settled for. Its purpose is to encourge promptitude in prosecution of remedies. See Riddleburger v Hartford Ins. Co., 74 U.S. 386, 7 Wall. 386, 19 L.Ed. 257.

Related Entries of Limitation Of Actions in the Encyclopedia of Law Project

Browse or run a search for Limitation Of Actions in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Limitation Of Actions in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Limitation Of Actions in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Limitation Of Actions in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:






Leave a Reply

Your email address will not be published. Required fields are marked *