After the Statute of Limitations passes

a.

A contract can never be reinstated.

b.

A contract cannot be reinstated without new consideration.

c.

A contract can be reinstated when the debt is acknowledged or the debtor makes a payment.

In which of the following situations does a person agree to give up a claim against another?

a.

A release.

b.

A waiver.

c.

A covenant not to sue.

d.

They are all ways to give up a claim against another.

The refraining (stopping) from an action that one has a legal right to undertake is called a _________.

Answer 9