Which of the Following Best Describes a Statute of Repose

Multiple Choice

Which of the following best describes a statute of repose?

A) It is a statute that bars actions arising more than a specified number of years after the cause of the action arises.
B) It is a statute that limits recoverable damages based on the percentage of harm caused by the defendant.
C) It is a statute that limits recoverable damages to less than $1,000,000.
D) It is a statute that bars actions arising more than a specified number of years after the product was purchased.