JUSTICE HOBBS delivered the Opinion of the Court.
¶ 1 We granted certiorari to review the Court of Appeals' judgment in Vessels v. Hickerson, No. 11CA0317, ___ P.3d ____, 2012 WL 503664 (Colo.App. Feb. 16, 2012), which held that the doctrine of laches is not available as a defense to an action for collection of a debt that is timely filed within a statute of limitations period.
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