New York Watch, Guard, or Patrol Agency (WGP) License Practice Exam

Laches refers to the failure to assert a right for an unreasonable length of time. The other options are incorrect because

A: The illegal act of transferring property to avoid debt is referred to as fraudulent conveyance, not laches.

B: A type of contract refers to a legally binding agreement between two or more parties, and laches is not directly related to contract law.

D: While laches may prevent recovery for damages incurred too long ago, it specifically applies to situations where a party has neglected to assert their rights for an unreasonable amount of time. This option is not as specific as option C.