New York WGP License Practice Exam 2025 – Complete Test Prep

Question: 1 / 400

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.

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.

Get further explanation with Examzify DeepDiveBeta

A legal doctrine that prevents recovery for damages incurred too long ago.

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