statute of repose, definition
Statutes of limitations are really a type of statute of repose, but not the other way around. They differ. A statute of repose takes effect when an action is completed, not on the date of a personâs actual injury. Statutes of repose are common defenses used in product liability cases. When a statute of repose is considered, the date a product is made, sold or even delivered can affect the date that the statute applies. Like statutes of limitations, statutes of repose vary from state to state.