Legal Question in Credit and Debt Law in Texas
Latches
Can you explain what ''latches'' is for me. I understand that if do not try to collect a debt or money for a certain period of time that you waive the collection or debt.
Asked on 11/01/06, 5:52 pm
1 Answer from Attorneys
TC Langford
Langford Law Office
Re: Latches
It is laches -- and it is a common law concept in the law that a person abandons a legal claim if they do not pursue it with diligence. It is different than the Statute of Limitations, and would rarely apply in the case of sworn account.
Answered on 11/02/06, 7:17 am
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