the statement is in regard to the Statute of Limitations.
Explanation:
It is good public policy to for citizens to be able to conduct their affairs with the knowledge of potential future litigation that may be brought against them.
Providing a statute of limitations gives citizens (including corporations and other business entities) to ability to plan and prepare for defenses in case of possible litigation . After a certain amount of time (usually 3 years in a breach of contract case, but some states as long as 15 years), a citizen can feel confident (as can the insurance carrier) that there are no pending or future actions against such person.
Judicial review is the power of the courts, as part of the system of checks and balances, to look at actions taken by the other branches of government and the states and determine whether they are constitutional.
