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10 Cards in this Set
- Front
- Back
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How long does the holder of a right of reverter or reentry have to claim property? |
10 years what |
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What is the SOL on an oral unwritten contract express or implied ? |
Three years from the date the cause of action accrues ( when the breach occurs). |
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What is the SOL on a written contract ? |
5 years if K is signed by party to be charged, but three years if K is NOT signed by party to he charged . |
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What is the SOL on defamation |
One (1) year after the cause of action accrues ( from the date tye injury is sustained ) |
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Rule against perpetuities SOL? |
A future interest is valid if it passes the common law RAP or vests or lapses within 90 years of creation ( Uniform Statutory Rule against Perpetuities) |
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How long does the protection of federal copyright last? |
The owners lifetime plus 70 years. If the work is anonymous or created for hire the protection lasts the shorter of 95 years from publication or 120 years from the creation of the work |
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What is the SOL for adverse possession of personal property in virginia |
5 years for recovery of pp, 5 yrs to bring a lawsuit, 5 yrs to lose the right to recover the pp |
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What is the statute of limitations in the warranty of new dwellings ( except for condominiums) |
The warranty itself generally extends one year and there is a two year statute of limitations for filing once a defect is found. If the warranty is breached buyer must give notice to seller who has six months to cure. |
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What is the period for adverse possession in Virginia? |
15 years |
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In an adverse possession situation, where there are two cotenants, if one cotenant is under 18 years old, will the applicable statute of limitations still run against the other cotenant |
Yes, the statute of limitations will still run against the other cotenant |
