Business Dictionary :
Limitation



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Limitation : noun : act of allowing only a certain quantity of something


Limitation of Liability = making someone liable for only a part of the damage or loss


Time Limitation = amount of time available

  • The contract imposes limitations on the number of cars which can be imported.

    • Statute of Limitations = law which allows only a certain amount of time (a few years) for someone to claim damages or property





































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