Legal Question in Business Law in Florida
statue of limitation on a loan
Mybrother and i signed a note of 8k on 06/12/2002. The person we owed money to died in Mar 2003.Tthe estate filed a suit in Nov 2007- 5Yrs and fourmonths later. We had never paid any interest or principle on the note and no demand were ever made. Does the statue of limitation apply?
Asked on 12/03/07, 4:11 pm
1 Answer from Attorneys
Stuart M. Address
Law Offices of Stuart M. Address, P.A.
Re: statue of limitation on a loan
There is a 6 year statute of limitations on written contracts.
Answered on 12/04/07, 10:37 am
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