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D is corrent because the statute of limitations bars action at law on contracts unless they are brought within prescribed periods of time. In this case, if Diel did not bring an action against Stone before the statute of limitations had expired, the court would rule in favor of Stone and would not allow Diel to pursue the action further.
A is incorrect because the time period covered by the statute of limitations begins to run from the date on which the cause of action occurred, not from the date of recording.
B is incorrect because the recording of a contract has no impact on the running of the statute of limitations.
C is incorrect because the time period fixed under the statute of limitations varies from state to state.