Editing Statute of limitations (section)

==Statute of repose==
{{Main|Statute of repose}}
A [[statute of repose]] limits the time within which an action may be brought based upon when a particular event occurred (such as the completion of construction of a building or the date of purchase of manufactured goods), and does not permit extensions. A statute of limitations is similar to a statute of repose but may be extended for a variety of reasons (such as the [[age of majority|minority]] of the victim).

For example, most U.S. jurisdictions have passed statutes of repose for construction defects.<ref>{{cite journal |last1=Tricker |first1=Edward H. |last2=Ebeleer |first2=Erin L. |last3=Kortum |first3=Christopher R. |title=Applicability of Statutes of Repose to Indemnity and Contribution Claims and 50 State Survey |journal=Journal of the American College of Construction Lawyers |date=2013 |volume=7 |issue=1 |page=341}}</ref><ref>{{cite web|title=MCL 600.5839|url=http://www.legislature.mi.gov/mileg.aspx?page=GetObject&objectname=mcl-600-5839|website=Michigan Legislature|publisher=State of Michigan|access-date=4 May 2017}}</ref><ref>{{cite web|title=Cal. Civ. Proc. Code § 337.15|url=http://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP&sectionNum=337.15|website=California Legislative Information|publisher=State of California|access-date=4 May 2017}}</ref><ref>{{cite web|title=Fla. Stat. § 95.11(3)(c)|url=http://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0000-0099/0095/Sections/0095.11.html|website=Online Sunshine|publisher=State of Florida|access-date=4 May 2017}}</ref> If a person receives an [[electric shock]] due to a wiring defect that resulted from the builder's negligence during construction of a building, the builder is potentially liable for damages if the suit is brought within the time period defined by the statute, normally starting with the date that construction is substantially completed. After the statutory time period has passed, without regard to the nature or degree of the builder's negligence or misconduct, the statute of repose presents an absolute defense to the claim.

Statutes of repose are sometimes controversial; manufacturers contend that they are necessary to avoid unfair litigation and encourage consumers to maintain their property. Alternatively, consumer advocates argue that they reduce incentives to manufacture durable products and disproportionately affect the [[poverty|poor]], because manufacturers will have less incentive to ensure low-cost or "bargain" products are manufactured to exacting safety standards.