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

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What does 'Laches' refer to?

The illegal act of transferring property to avoid debt.
A type of contract.
Failure to assert a right for an unreasonable length of time.
A legal doctrine that prevents recovery for damages incurred too long ago.

The correct answer is: Failure to assert a right for an unreasonable length of time.

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.