Legal Question in Civil Litigation in Alabama
Legal status of verbal agreements in Alabama
With respect to a personal loan and repayment of the loan, under what conditions are verbal agreements between two individuals legally binding.
Asked on 10/19/01, 11:37 pm
1 Answer from Attorneys
Jon Lewis
Lewis, Feldman, & Lehane, LLC
Re: Legal status of verbal agreements in Alabama
Usually, any agreement under $500.00 is valid, but there are other legal circumstances that must be analyzed before a final answer can be given.
Answered on 11/26/01, 12:27 pm