Each Province in Canada Has a Limitations Act

Multiple Choice

Each province in Canada has a Limitations Act. Which of the following statements correctly describes what happens to a contract after the time set forth in the act has expired?

A) The contract can no longer be enforced unless the plaintiff agrees to forfeit his rights.
B) The contract is discharged by the courts.
C) The party to the contract who is entitled to collect money will be required to ask for a ruling by the court.
D) The defendant cannot raise equitable defenses to a breach of contract action.
E) Contractual obligations become "statute barred".