Legal Question in Credit and Debt Law in Alaska

The sale of personal property to another person

I sold a computer to someone a little over 5 years ago. They have only paid me $450 into it out of $1275. Is there a law that states when something like this is over 5 years old that the issue drops? Is depreciation a factor if this were to go to court? Also, because I had to do a people search to find this person and pay the fees for the people search, can I charge him for those. Can I also charge like $800 or $900 for the time I dedicated to searching for this person? Thanks alot for your help!


Asked on 8/08/06, 10:58 am

1 Answer from Attorneys
Jerome Gamache Ainsworth Thelin & Raftice, P.A.

Re: The sale of personal property to another person

There is a Statute of Limitations in every State that sets a deadline within which legal claims must be filed. I cannot tell you which Statute applies to your situation, but it is likely measured from the date of the last payment, not the date of the sale. In Maine, the general Statute that applies to claims is 6 years. The extent to which you can collect fees associated with collection is determined by the language of the sale contract and/or promissory note. You will not likely be awarded any money by a Judge for your time spent in pursuit fo the claim.

Read more
Answered on 8/08/06, 11:39 am


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Alaska