Legal Question in Business Law in California
Personal Loan California Statue
I gave someone a personal loan in
6/2006 for $5k. When does my right to
sue expire?
Asked on 1/26/09, 2:28 pm
2 Answers from Attorneys
Terry A. Nelson
Nelson & Lawless
Re: Personal Loan California Statue
2 years for oral contract, 4 years for written contract, 3 years for fraud. File promptly in small claims court.
Answered on 1/26/09, 3:28 pm
Robert F. Cohen
Law Office of Robert F. Cohen
Re: Personal Loan California Statue
It depends when the loan repayment was due. If not stated, then a reasonable time thereafter. Follow Mr. Nelson's advice.
Answered on 1/26/09, 8:15 pm
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