Acquiescence is where a person who knows that he is entitled to im-peach a transaction or enforce a right neg-lects to do so for such a length of time that, under the circumstances of the case, tbe other party may fairly Infer that he has waived or abandoned his. right. Scott v. Jackson, 89 Cal. 258, 26 Pac. 898; Lowndes v. wicks, 69 Conn. 15, 36 Atl. 1072; Norfolk A W. R. Co. v. Perdue, 40 W. Va. 442, 21 S. E. 755; Pence v. Langdon, 99 U. 8. 578, 25 L Ed. 420