What exception to throw from a property setter?

Question

I have a string property that has a maximum length requirement because the data is linked to a database. What exception should I throw if the caller tries to set a string ex

Answer 1

public IPAddress Address
{
    get
    {
        return address;
    }
    set
    {
        if(value == null)
        {
            throw new ArgumentNullException("value");
        }
        address = value;
    }
}

via MSDN