Statutes of limitation require that claims be brought within a specified period of time, and if they are not brought within that specified period of time, they are forever barred. Statutes of limitation for some tort claims can be as short as one year; claims for breach of contract can be as long as four years (if the contract is written); and the statute of limitations for latent construction defects is 10 years. Statutes of limitation begins running when the cause of action “accrues.”

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