What Is A The Statute Of Limitations ?  

        What is the statute of limitations?  A statute of limitations can be defined as a rule within the legal system that sets a maximum period of time for a particular event and after the expiration of which the legal proceedings can be started. The statute of limitations is also known as periods of prescription in legal terms.More...

Statute Of Limitations Of A Lien

Statute Of Limitations Of A Lien

A statute of limitations of a lien has different meanings in different circumstances. Typically, a lien is something a person can hold lawfully until the owner of the lien fulfills his or her duty towards the holding. The lien can be on property, land, or mortgage deals.

A mortgage lien is the most popular kind of lien. It could also mean the payment that has to be cleared for the work done on the property. To describe it in a broad sense, a lien is a property that is charged with an amount as payment or debt. In case the owner of the lien is unable to clear the debt or the payment, the lien can be held or detained from the owner. There are two kinds of lien -- one is a particular lien and the other is a general lien. Liens can be created in three particular ways.More...

Tax Statute Of Limitations

Tax Statute Of Limitations

The tax statute of limitations is created by the Internal Revenue Services (IRS) for auditing purpose or for tax collection and there is a limit to the time period during which the IRS can take action against a tax defaulter.

Under general terms there is a 3 year limitation for auditing tax returns and there is a 10 year statute for the IRS collecting taxes. There are several sections under the tax laws that govern the limitations for collecting tax returns. The statute of limitation cannot be applied to a person who is trying to evade tax or trying to file a false tax return. More...

 


Waiver Of The Statute Of Limitations

Waiver Of The Statute Of Limitations

A statute of limitation is statute that belongs to the common law system and it is used to set a maximum period of time for a particular event after which legal proceeding cannot be initiated. Statue of limitations is different for different things. For instance, statute of limitation for income tax is 10 years and for murder there is no statute of limitation. So, even after 50 years, a person can be tried for murder; however, a person who has evade tax for a particular year can be tried only for 10 years from the year the evasion took place.

A waiver is a voluntary surrender of a right or a privilege possessed by a person. In most cases waiver is given in a written format. More...

 

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Waiver of the statute of limitations - Wrongful termination and statute of limitations
 

Malpractice Law:

Wrongful-Termination-And-Statute-Of-Limitations      The truth is that for wrongful termination and statute of limitations is that there are no federal laws that directly govern wrong termination. There are other laws governed federally and if they are violated it might amount to wrongful termination. When an employer is discharging his employee or employees and in the process if he acts against or violates the public policy, then it would amount to the wrongful termination of the employee. Any principle that is breached in the legal employment act would also mean wrongful termination of the employee. More..

 


 

 

 
   
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