Final answer:
Laches is typically applicable in cases seeking equitable relief and not usually in those seeking purely monetary damages, thus making the statement mostly false.
Step-by-step explanation:
The doctrine of laches is relevant to whether a claim can be impeded due to a significant delay in asserting a right or claim. It is a principle that generally applies to cases seeking equitable relief rather than to cases purely for money damages, where the statute of limitations would typically apply. Consequently, the statement that 'laches applies to both equitable cases and cases for money damages' is mostly false. The rationale behind this doctrine is that equity aids the vigilant, not those who sleep on their rights.