Which of the following describes the time period a person has to pursue any legal claim?

A) Bargained-for exchange
B) Statute of limitations
C) Consideration
D) Forbearance to sue

Statute of Limitations

Legislation stipulating the longest period following an occurrence in which legal action can be started.

Legal Claim

is a right to seek a remedy or relief in a legal action due to the infringement of one's legal rights.

Forbearance to Sue

An agreement between a creditor and a debtor in which the creditor agrees not to sue the debtor for a specified period of time.