Which termination method is triggered by the expiration of the statute of limitations on a contract claim?

• A. Mutual agreement
• B. Statute of limitations
• C. Novation
• D. Accord & satisfaction

Answer: (B)

Expiration of the statute of limitations ends a contract claim by operation of law. When the legally allowed time to sue runs out, the claim is barred, and the court will dismiss it or refuse relief. This is not something the parties decide or negotiate; it’s a legal bar that arises automatically once the time limit has expired.

That’s why this option fits best: it identifies the termination as a result of the statute of limitations itself, rather than a voluntary agreement, a substitution of parties or contract (novation), or a negotiated settlement (accord and satisfaction).