with regard to statute of limitation the term "tolling" means A.stopping the clock B.speeding up the clock C.expiration of the time on the clock or D.resetting the clock to zero.
thank you very much. its A
Many, but not all, statutes of limitation may be subject to equitable "tolling". This "tolling" means that the clock on the limitation time period will not start to tick until the customer discovers or reasonably should have discovered the fraud. Tolling (or not starting the clock) may often be appropriate where the customer has continued to rely upon the broker for a long period after the initial investment and the broker continues to conceal the wrongdoing.
In the context of statute of limitations, the term "tolling" refers to A. stopping the clock.
To understand why tolling means stopping the clock, let's break down the concept of statute of limitations first. Statute of limitations refers to a specific period within which legal actions can be pursued. It sets a deadline for bringing a lawsuit after the occurrence of a certain event, such as a crime or a civil wrong.
Now, tolling refers to circumstances that temporarily pause or suspend the running (or ticking) of the clock that counts down the statute of limitations period. Essentially, tolling stops the clock from ticking forward, extending or delaying the deadline for filing a lawsuit.
There are various scenarios in which tolling occurs. For example, if the person who wants to bring a lawsuit is a minor or has a mental incapacity, the statute of limitations might be tolled until they reach a certain age or regain mental capacity. Similarly, if the defendant is absent from the jurisdiction, the clock may be tolled until they return.
So, to clarify, tolling in the context of statute of limitations means stopping the clock from counting down the limited period of time within which a legal action can be pursued.