Legal Question in Civil Litigation in New Jersey
verbal agreement
over 30,000.00 was lent in good faith, person paid vey little back no attempts to pay anymore, contacted this person & his family several times. i have many witnesses who can vouch for this money matter how can i go about getting my money back and is there a lega right for verbal agreements
4 Answers from Attorneys
Re: verbal agreement
A verbal agreement relating to the borrowing of money is enforceable if
it is proven that the money was lent with the promise that it would be repaid.
Call me if you like.
Gary Moore, Esquiree
Hackensack, New Jersey
www.garymooreattorneyatlaw.com
Re: verbal agreement
you need to sue them. If you loaned the money and have proof that they have the money, go to court and get back what is yours.
Re: verbal agreement
Oral agreements are enforceable. You would have to establish how much you loaned (e.g. cancelled checks) and agreement to pay back (e.g. deposits of repayment) as well as the terms of the loan (e.g. interest, when it was to be repaid).
The real issue will become whether the debtor has the money/property to pay you back.
A lawsuit will probably be necesary.
Re: verbal agreement
You hire a lawyer and you sue him.
Or you can sue him on your own. You are likely to make serious mistakes in doing this. Find a lawyer.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
