Which of the Following Is Not an Essential Element to Laches

question 4

Multiple Choice

Which of the following is not an essential element to laches?

• A) There is a likelihood that the asserting party's claim will be redressed by a favorable
• B) The party against whom laches is asserted must have been aware of the right or claim
• C) There must have been an unreasonable delay in asserting the claim.
• D) The delay in asserting the claim must cause the adverse party to suffer some prejudice.

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Definitions:

Central Data Processing

The handling and processing of data centrally for efficiency and control, typically within the IT department of an organization.

Economic Resources Measurement Basis

An accounting principle that focuses on the valuation and reporting of an entity's assets based on their current economic values rather than historical cost.

Modified Accrual Accounting

This accounting method recognizes revenues when they become available and measurable and expenses when incurred, blending elements of both cash and accrual accounting.

Accrual Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.