Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,758,956,271 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

laches

   Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia, Hutchinson 0.04 sec.
laches

A doctrine of equity,or fairness,holding that people cannot sleep on their rights and then, after the passage of time and possibly the intervening claims of other people,suddenly demand that the law fix everything.The concept is similar to a statute of limitations,except that it has no fixed time period and is totally dependent on the particular circumstances of a case.

Example: Ruby plants 10 pecan trees on the wrong side of her property line with Jake. Jake knew this when the first shovel of dirt was turned, but he remained silent. Seven years later Ruby begins harvesting pecans to supplement her income, but Jake sues her and claims the pecans belong to him. Most likely the court will rule that Jake's claims are barred by laches and Ruby may harvest pecans until the trees stop bearing.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in
No references found
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.