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Laches

(n) Doctrine of Laches limits the legal claim of a person, by virtue of any undue delay on his part in enforcing his legal right. For example, a person failed to initiate any action to recover his property, after knowing that it was used by another person. He lose his right to claim the property when he initiate the process to recover his property after consumption or transformation of the property the possessor.

 
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