What is the economic rationale for a statute of limitations

Reference no: EM132200821

Question: 1. We have argued in this chapter that the primary economic function of tort law is to deter unreasonably dangerous behavior, but a second function is to provide social insurance against accidental harm. In what ways are these objectives compatible, and in what ways are they incompatible?

2. What is the economic rationale for a statute of limitations for tort suits? Based on this rationale, explain why it makes sense that there is no statute of limitations for serious crimes like murder.

Reference no: EM132200821

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