This work proposes a novel design strategy to use ring oscillators for functional validation and delay test of storage elements (latches and flip-flops). Besides the logic verification, power consumption and aging effect analysis can also be efficiently performed for the circuits under test. The proposed test solutions are also quite suitable for self-timed and self-checking full verification of latches and flip-flops, as well as for comparing different implementations of such sequential cells. This test approach has been validated at the gate level by using HDL descriptions as well as at the transistor level through electrical simulations.