Terms Used In Indiana Code > Title 32 > Article 30 > Chapter 1 - Statute of Limitations in Actions Concerning Real Estate

• Contract: A legal written agreement that becomes binding when signed.
• contract: means an oral or a written contract. See Indiana Code 32-30-1-2
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• date of substantial completion: means the earlier of:

  Indiana Code 32-30-1-4

• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• person: means an individual, a partnership, an association, a limited liability company, a corporation, a business trust, a joint stock company, or an unincorporated organization. See Indiana Code 32-30-1-1
• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5